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Stock Market & Financial Investment News

News Breaks
March 24, 2014
06:54 EDTMSGMadison Square Garden acquires stake in Tribeca Enterprises
Madison Square Garden and Tribeca Enterprises announced that MSG has purchased a 50% interest in a transaction that values Tribeca Enterprises at $45M. The partnership brings together the two companies to enhance the reach and impact of both brands while creating new avenues for growth. Tribeca Enterprises will continue to be led by CEO and co-founder Jane Rosenthal, as well as president and COO Jon Patricof who will lead day-to-day management and strategic development. As part of the new partnership, MSG will also have the opportunity to increase its stake in Tribeca Enterprises over time. Reference Link
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