SFX Entertainment is considering selling its assets after its CEO, Robert Sillerman, failed in his initial bid to take the company back private.

Shares in the company slumped last week after Sillerman (pictured), who took the EDM giant public in 2013, missed a deadline to prove he had the funds to complete the transaction.

In a statement, the firm said it had authorised the “continued exploration of strategic alternatives for the company, including the sale of all or ...