- The Madison Square Garden Company (MSG) announces that it took a 62.5% stake in newly-formed TAO Group. The investment price was $181M, plus a potential performance earn-out of up to $25.5M.
- TAO' Group's management holds the remainder of the shares.
- “TAO Group is a unique and attractive business that furthers our focus on the ‘live experience’ while also exposing us to new areas of growth,” says Executive Chairman James Dolan.
- Source: Press Release
Madison Square Garden takes controlling stake in new TAO Group
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| Symbol | Last Price | % Chg |
|---|---|---|
| MSGS | - | - |
| Madison Square Garden Sports Corp. | ||