Maglan Capital owns one of the 10 largest stakes of SFX Entertainment, after buying shares at $7 over the last couple of weeks.
SFX Entertainment founder sued for alleged stock fraud, representatives claim accusations are 'baseless'
Fourteen years ago Robert Sillerman sold his original concert promotions company, SFX Entertainment, to Clear Channel Communications for $3 billion dollars. Now he takes the second iteration of the SFX brand back to Clear Channel, this time for a market partnership with the radio giant on numerous initiatives including a talent search competition for DJs that will air on stations nationwide. The partnership also features a weekly top 20 Beatport countdown, the music juggernaut that Sillerman purchased in mid-2013 for $50 million.
