Phil Anschutz may come up with a shortlist Of possible buyers for the Anschutz Entertainment Group within weeks, as negotiations continue over the value of the billionaire's sports and real estate empire, people familiar with the bidding told Reuters on Friday. Colony Capital LLC, Guggenheim Partners LLC and Los Angeles biotech billionaire Patrick Soon-Shiong made second-round offers in February for AEG and remain in discussions about a potential deal, the people said.The bidders have all submitted non-binding offers of under $7 billion for AEG's assets, including sports teams, arenas and a music touring business. Colony Capital would bid along with Qatar's sovereign wealth fund.The bidders and AEG are about $1 billion apart on price, according to one of the people, although a disparity is not unusual with companies that own sports teams, which are difficult to value.Anschutz's adviser, Blackstone Group LP, is looking for a price in the high single-digit to low double-digit billions, the people said.
The Blackstone Group L.P. (Blackstone) is a United States-based company that is a manager of private capital and provider of financial advisory services. Shares of BX fell by 0.63% or $-0.12/share to $18.78. In the past year, the shares have traded as low as $11.13 and as high as $19.69. On average, 4672640 shares of BX exchange hands on a given day and today's volume is recorded at 3262081.