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James Hanley

SFX in negotiations over Beatport sale

Bankrupt EDM promoter SFX Entertainment is in talks to sell Beatport as it attempts to reduce its debts. According to a court filing, SFX has spoken with 24 interested parties, of which 18 signed non-disclosure agreements and are performing due diligence. Bids on the company, which it acquired for $50 million in 2013, are due by April 28 ahead of an auction. The court will approve the sale on May 5. SFX is also looking to sell marketing ...

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