• SFX Settle Lawsuit Accusing Sillerman Of Stealing Idea Behind Company

    Things appear to be looking a little better for the beleaguered and once might dance music conglomerate SFX Entertainment that has recently been teetering on a potential bankruptcy. SFX has settled its lawsuit, which alleged that the current Chairman and CEO Robert Silllerman stole the idea behind the company.

  • Robert Sillerman Withdraws Offer To Take SFX Private

    Robert Sillerman has withdrawn his offer to take the beleaguered dance music conglomerate SFX Entertainment private. Citing market conditions and the company's tanked stock price, Sillerman is deciding to try and stay the course and turn things around as a public company.

  • Robert Sillerman Extends New Offer To Take SFX Entertainment Private

    The fearless leader of heaving dance music conglomerate SFX Entertainment, Robert F.X. Sillerman is making one last ditch effort to try and save his company. In a new letter sent to the Board of Directors, the Chairman and CEO has extended a new offer to take the company private.

  • SFX Facing Class-Action Lawsuit From Shareholders

    SFX Entertainment is facing a potential class action lawsuit from shareholders over Chairman and CEO Robert Sillerman's recent attempt to take the company private during a "go shop" period from May to Augus, which failed. The lawsuit alleges that Sillerman intentionally mislead investors as he attempted to purchase all the common stock he did not already own with promises he could not keep.

  • Robert Sillerman 'Reaffirms' Desire To Take SFX Private

    On Friday, as stock sunk to all time low, SFX Entertainment seeming destined to be sold off piece by piece as it announced that the company had failed to secure financing to go private and was considering bids for parts or the firm as a whole. At the time, it appeared as though there was a faint possibility that Chairman and CEO Robert Sillerman would take the company at a revised share price in line with current market conditions. According to a statement, Sillerman "reaffirmed his intent" to take the company private with a revised offer that reflects where the stock is currently being traded.

  • Robert Sillerman Taking SFX Entertainment Private After Raising Offer

    SFX Entertainment announced on Tuesday, May 26 that it was officially going to be taken private by its Chairman and CEO Robert FX Sillerman. The deal would value the dance and electronic music giant at nearly $490 million after Sillerman raised his per share offer. According to a press release, Sillerman will purchase all remaining outstanding stock he did already own, 62.6 percent, at $5.25 per share.
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