Anschutz Co. Nixes Plans To Sell Entertainment Group

Law360, Los Angeles (March 14, 2013, 6:02 PM EDT) -- Billionaire Philip Anschutz's company announced Thursday that it has taken global entertainment titan Anschutz Entertainment Group Inc., a unit that owns or operates worldwide venues including the Staples Center in Los Angeles and the O2 arena in London, off the market, saying it hadn’t found an appropriate suitor.

“From the very beginning of the sales process, we have made it clear to our employees and partners throughout the world that unless the right buyer came forward with a transaction on acceptable terms, we would not sell the company,”...
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