Blockbuster deal in venue management sector creates new entity, ASM Global
AEG Facilities and SMG, the two biggest players in the management of sports and entertainment venues, announced Thursday that they have formed a definitive merger. The name of the new entity is ASM Global.

Financial terms were not disclosed. AEG Facilities and Onex, a private equity firm that acquired SMG for $1 billion in 2017, will each own 50 percent of the new company.

It will be based in Los Angeles, where AEG...

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