Mergers and Acquisitions Update: Blackstone To Buy Vivint, News Corp & Others Suitors for AEG

Prior speculation was correct in that The Blackstone Group L.P. (NYSE:BX) will purchase Vivint for a price of $2 billion from the initial investors Goldman Sachs Group Inc. (NYSE:GS) and Jupiter and Peterson, according to the Vivint Chief Executive Todd Pedersen to Bloomberg. Vivint provides energy-management, home-security, and solar-power leases to more than 670,000 households in North America.

Don’t Miss: Blackstone’s $2 Billion Acquisition.

Anschutz announces that it will divest its AEG sports-and-entertainment division in a deal that could reach a value of several billion dollars. The unit’s assets include a 30 percent investment in the LA Lakers, stadiums, sports teams, and music festivals, along with the world’s second-largest concert promoter. It is thought that potential suitors might include News Corporation (NASDAQ:NWS) and Liberty Media Corp. (NASDAQ:LMCA), which holds a 21 percent interest in the AEG ticket competitor Live Nation Entertainment, Inc. (NYSE:LYV).

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