TEG Announces “Strategic Investment” From U.S.-Based Silver Lake
TEG, the Australia-based ticketing and live events promoter and owner of Ticketek, has announced a strategic investment from U.S-based investment firm Silver Lake, which is expected to close this year, pending final conditions including approval by the Australian Foreign Investment Review Board. Terms of the deal, which were rumored... Read more
TEG Rumored to be Targeted for $1B Purchase by Silver Lake Partners
According to a report this week in the Australian Financial Review, a North American firm is considering purchasing TEG, the leading ticketing and live entertainment industry in the Asia Pacific market. TEG, which owns Ticketek and bills itself as “Asia Pacific’s leading Ticketing, Live Entertainment and Data Analytics business”... Read more
TEG Expands Globally With Acquisition of UK Promoter MJR Group
TEG, the live entertainment giant that controls most of Asia Pacific, has officially expanded to Europe with the acquisition of the UK-based promoter and venue operator MJR Group this week. MJR Group, which owns and operates venues throughout the UK like Cardiff’s Tramshed and The Mill in Birmingham, also... Read more
Ticketek Launches Price-Capped Ticket Exchange System
The Australian-based ticketing company Ticketek announced plans to launch a price-capped ticket exchange system, Ticketek Marketplace, later this month. Ticketek Marketplace will cap resale tickets at 10 percent above face value. In order to guarantee that tickets are valid, the original ticket’s barcode will be cancelled and a new... Read more