MSG Entertainment Acquires MSG Networks

March 26, 2021

Madison Square Garden Entertainment Corp. (MSG Entertainment) acquired MSG Networks, Inc. in an all-stock, tax-free transaction in which MSG Networks shareholders received 0.172 shares of MSG Entertainment for each MSG Networks share. The combination creates a larger entertainment and media platform with greater revenue diversification, enhanced financial flexibility, tax benefits and opportunities to pursue initiatives such as mobile sports gaming and the MSG Sphere venue project.

Buyers
Madison Square Garden Entertainment Corp.
Targets
MSG Networks, Inc.
Location
New York, United States
Transaction Type
Buyout

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