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Here we go - the first of what are likely to be several bids for the sports-and-entertainment unit of Philip Anschutz's empire. Reuters reports that Soon-Shiong, who has a net worth of $7.2 billion, is joining up with Guggenheim, the investment firm that recently bought the Dodgers. Other investors may join the group as well. Also keep an eye on hedge fund billionaire Steve Cohen, who lost out on the Dodgers. Meanwhile, AEG Chief Executive Tim Leiweke says the sale should be completed before the NFL owners hold their March meeting - a quick turnaround for so complicated a deal. Is Anschutz several moves ahead of us or does it just seem that way?
More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAXSocal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
Recent NFL stories:
Tim Leiweke says he'll be back in LA one day (video)Forbes on what happened between Anschutz and Leiweke
Want clarity on the NFL's return to LA? Lots of luck
Leiweke on Anschutz: Not much of a football guy
Geez, now Anschutz is everywhere
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Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.