Concord Music Group is very pleased to announce that a definitive agreement has been reached with Wood Creek Capital Management LLC to purchase Concord from Village Roadshow Entertainment Group. The acquisition is being made on behalf of funds which Wood Creek advises, and an individual investor group that includes members of Concord’s senior management and industry veterans Steve Smith and Scott Pascucci. The transaction is expected to close within a few days.
Didn’t even know there was a deal in the works. I guess it is good news?