More News

Sillerman’s Bid to Take SFX Private Fails

Sillerman’s Bid to Take SFX Private Fails

The company’s share price has plummeted after Robert Sillerman’s August 13th deadline passed.
Robert Sillerman’s plan to take SFX private has fallen through.  The EDM promoter, which owns Beatport and several other dance music-focused companies including React Presents, Made Event and i-Motion has been restructuring with a view to chairman and CEO Sillerman buying the company. Now, as Billboard report, Sillerman’s offer of $5.25 per share became untenable as SFX’s stock dropped to $1.55 per share. The company has since released a statement saying it is exploring “strategic alternatives” in regards to its future. The statement added that the company would consider offers on the company until October 2nd.




Click to add a comment

You must be logged in to post a comment Login

Leave a Reply

More News

Electronic music lover and world traveler.

More in More News


We’re ‘Vibin’ to Kutz’ Latest Tropical Hit on Make Your Noize Records

Tomas SerranoFebruary 6, 2018

RESISTANCE Announces Lineup for UMF20 Arcadia Spider Stage

Tomas SerranoFebruary 5, 2018

Fedde Le Grand & Ida Corr Celebrate 10 Years of ‘Let Me Think About It’

Tomas SerranoDecember 9, 2017

Point Blank & Smirnoff Jounce Forces For The ‘Women Shaping Tomorrow’ Initiative

Tomas SerranoSeptember 19, 2017

The Crystal Method To Play Entire “Vegas” Album On XM/Sirius’ “Community Service” Show

Tomas SerranoAugust 21, 2017

Tiësto Announces Second Pop-Up, Tiësto Las Vegas During EDC Las Vegas

EDM STAFFJune 12, 2017

PREMIERE: Cuzzins’ “Satellites” on Pandafunk Records Out 4/21

Tomas SerranoApril 17, 2017

Electric Heart – The Worlds First EDM Silent Narrative Film

Matt BoltonApril 14, 2017

Armada Music Hosts TRANCETONIA Stage At New Horizons Festival In Germany

Matt BoltonApril 4, 2017