AEG Bidding Is ‘In The Zone’

The first round of bidding for Anschutz Entertainment Group is over and, while no one is disclosing the names or number of bidders, sources have indicated the offers are “in the right zip code.”

The Wall Street Journal reports that a person involved with the process said that AEG and Peter Cohen of Blackstone, which is handling the sale, are “sorting through offers with a number ‘in the right zip code’ and liked what they saw.”

It’s previously been reported that Philip Anschutz is looking for bids in the $10 billion neighborhood.

Qualifying bidders will reportedly be invited to a second round in the coming weeks.