ASM Global: SMG and AEG Facilities to merge
In a "major step" for the live music industry, the leading arena operators are to form one company, jointly owned by SMG's parent, Onex, and AEG
News By IQ | 7 February 2019
AEG Facilities and SMG, which between them operate and run many of the world’s most important large entertainment venues, have announced their intention to merge, forming a new company called ASM Global.
The merger, announced today by private-equity firm Onex – since December the owner of SMG – will create a venue management colossus spanning five continents, with a portfolio of 310 arenas, stadia, convention centres and performing arts venues.
Onex and AEG Facilities will each own 50% of ASM Global following…
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