The value of AEG is at least $8 billion, according to an insider “with intimate knowledge on the company’s books and appraisal.”
The Forbes source says that they are not authorised to speak publicly on the matter but give a narrow valuation range of between $8-10 billion for the sports, entertainment and real estate giant, which counts The O2 Arena in London amongst its assets.
Forbes also has a valuation breakdown of the primary assets of each segment of AEG as follows:
Venues (LA LIVE Campus, O2 Arena in London, O2 World in Berlin): $4.8 billion to $6.0 billion.
Teams/ownership (L.A. Lakers/27%, L.A. Kings/90%, L.A. Galaxy/100%, Houston Dynamo/50%): $2.0 billion to $2.5 billion.
New Businesses (sports and entertainment ticketing, L.A. NFL stadium, real estate development): $1.2 billion to $1.5 billion.
Reports last week suggested that AEG owner Philip Anschutz is looking to hit the top of that price range with a $10 billion valuation in mind.
Not all rumoured bids have hit the bottom mark, however. Founder and chief executive of US software giant Oracle, Larry Ellison, is said to be interested in AEG but is thought to looking for a $6bn deal.