AEG sale scrapped, Jay Marciano leaves EU job to become COO

The owner of sports and entertainment giant AEG, Philip Anschutz, has scrapped plans to sell the business after failing to find a buyer willing to pay acceptable terms.

AEG, which owns more than 120 venues worldwide including London's O2 Arena, was expected to draw an acquisition price of around $8bn.

Tim Leiweke, who has served as President and Chief Executive Officer of AEG since 1996, will be leaving the company by mutual agreement, as Anschutz takes a more hand-on role ...

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