Guggenheim, Partners To Buy Dick Clark Productions

Law360, New York (September 4, 2012, 2:42 PM EDT) -- A consortium of private equity buyers including Guggenheim Partners LLC, Mandalay Entertainment Group and Mosaic Media Investment Partners LLC on Tuesday formally announced their plans to buy Dick Clark Productions Inc., answering rumors that bubbled up last week suggesting a sale was near.

The deal hands off the late television stalwart’s production company from Red Zone Capital Management Co. LLC, a McLean, Va.-based private equity firm. Financial terms of the deal were not disclosed, though various news reports have pegged the purchase price at $350 million...
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