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Anschutz Said to Explore Sale of Entertainment Group

The Anschutz Corporation is weighing a sale of Anschutz Entertainment Group, an enormous sports and entertainment company, a person briefed on the matter told DealBook on Tuesday.

It isn't clear how much a sale would fetch, and Anschutz, which is controlled by its namesake billionaire owner, Philip Anschutz, may still decide against a sale.

Based in Los Angeles, Anschutz Entertainment has grown into a multi-armed entertainment giant, involved in running facilities like the Staples Center in Los Angeles; owning sports teams like the Los Angeles Kings hockey team; and selling tickets through its AEG Live subsidiary.

News of the deliberations was reported earlier by The Wall Street Journal online.