Philip Anschutz has put Anschutz Entertainment Group (AEG), which includes a vast global property portfolio, up for sale. A long-term lease for the 02 Arena in Greenwich, South East London, is among AEG’s property interests. Blackstone is leading the sale process, with the business having an estimated price tag of $7bn (£4.3m). Anschutz Entertainment Group also owns AEG Live, the world’s second biggest concert ticket and live music company after Live Nation. Anschutz’s holding firm, Anschutz Company, said it was “an appropriate time” to sell as it sought to “maximise value for all concerned”, suggesting the group faces a break-up.

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