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Msg Entertainment Completes Acquisition Of Msg Networks

Jul 09, 2021•over 4 years ago

Acquiring Company

The Madison Square Garden Company

Acquired Company

MSG Networks

New YorkPerforming ArtsEvent ManagementMusicEvents

Description

Madison Square Garden Entertainment Corp. (“MSG Entertainment”) (NYSE: MSGE) announced today that it has completed its previously announced acquisition of MSG Networks Inc. This merger creates a leading entertainment and media company with greater scale and revenue diversity, and a commitment to delivering unforgettable experiences.

Company Information

Company

The Madison Square Garden Company

Location

New York, New York, United States

About

The Madison Square Garden Company is a premier sports and entertainment organization. It operates venues and promotes live events, showcasing a variety of performances. The company is well-known for its iconic Madison Square Garden arena in New York City. Their diverse portfolio includes sports teams, entertainment productions, and media.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed