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Stock Market & Financial Investment News

News Breaks
April 4, 2014
08:58 EDTMSGMadison Square Garden in deal to sell Fuse for over $200M, Bloomberg says
Madison Square Garden has reached a deal, which may be announced as soon as today, to sell Fuse TV to NuvoTV for more than $200M in cash and equity in the Latino-focused channel backed by Jennifer Lopez, according to Bloomberg, citing people with knowledge of the matter. NuvoTV's bid beat out one from Sean “Diddy” Combs' Revolt TV network, which is said to have offered about $200M, the report noted. Reference Link
News For MSG From The Last 14 Days
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February 26, 2015
09:53 EDTMSGAnalysts critical of SFX Entertainment CEO bid price, NY Post says
SFX Entertainment (SFXE) CEO Robert Sillerman's recent stock bid for his company provoked negative reactions from some analysts, reports the New York Post. Albert Fried analyst Rich Tullo currently has an SFX price target of $7.00, has called the $4.75 offered price per share "an insult," and encouraged the company to solicit bids from AEG, Live Nation (LYV), and MSG Entertainment (MSG). Maglan Capital CIO Steven Azarbad said "it's definitely worth more than $10 a share" and highlighted the $12 target from Stifel's Ben Mogil. Reference Link

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