Dick Clark Productions in Exclusive Negotiations for Sale of Company THR
Dick Clark Productions has entered exclusive negotiations with private equity firm Guggenheim Partners on a possible deal for Guggenheim to buy the company, according to The Hollywood Reporter.
The agreement could be struck in the next week or two, the story says. Guggenheim may pay 10% more than the reported $350 million originally sought by Dick Clark Productions' owner Red Zone Capital, although the exact price couldn't be confirmed, according to the report.
Dick Clark Productions produces the Golden Globe Awards, the American Music Awards and other television programming.