MSG Entertainment mulls new spin-off plan
The move would separate the company's traditional live entertainment business from its MSG Sphere and Tao Group Hospitality businesses
News By James Hanley | 22 August 2022
Madison Square Garden (MSG) Entertainment is exploring a potential spin-off that would create a separately-traded public company comprised of its traditional live entertainment business.
The board of director’s has authorised management to look into the proposed spin-off, which would separate those businesses from the firm’s MSG Sphere and Tao Group Hospitality businesses.
The group says the move would provide shareholders with “greater investment choice and visibility into each company’s businesses and growth prospects, while enabling both companies to pursue distinct business and capital allocation strategies”.
“This potential transaction would create two companies, each with a distinct value proposition for investors”
“This potential transaction would create two companies, each with a distinct value proposition for investors,” says executive chairman and CEO James Dolan.…
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