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Cirque du Soleil has accepted an offer to sell itself to its lenders in a deal that would kick its current private equity owner, TPG Capital, out of the tent, The Post has learned. The bankrupt circus giant, known for dominating the box office in Las Vegas, OK’d the lenders’ offer on Wednesday night — …
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A group of financial lenders is angling to acquire Cirque du Soleil in a possible bankruptcy reorganization — and they may partner with its charismatic co-founder, The Post has learned. The cash-strapped circus — which was forced in March by the coronavirus pandemic to shutter dozens of shows in cities worldwide — on Monday got …
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The private equity giant that rode Cirque du Soleil to the brink of bankruptcy now wants to share in the spoils, The Post has learned. Texas-based TPG Capital has positioned itself to make money from a highly anticipated Cirque du Soleil bankruptcy by turning itself into a lender in a last-minute maneuvering that has the …
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LOS ANGELES — A California appeals court on Tuesday overturned most of a 2017 jury verdict awarding Quincy Jones $9.4 million in royalties and fees from the Michael Jackson estate over the use of Jones-produced Jackson hits in the concert film “This Is It” and two Cirque du Soleil shows. The state’s 2nd District Court …
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Cirque du Soleil, the Montreal-based entertainment company that is the largest contemporary circus producer in the world, has temporarily laid off almost its entire workforce after the coronavirus pandemic forced it to cancel shows. Job cuts will affect 95% of its staff, more than 4,000 people, the company said in a statement. It added that …
Cirque du Soleil has accepted an offer to sell itself to its lenders in a deal that would kick its current private equity owner, TPG Capital, out of the tent, The Post has learned. The bankrupt circus giant, known for dominating the box office in Las Vegas, OK’d the lenders’ offer on Wednesday night — …
