01.22.13

IS INSOMNIAC UP FOR GRABS?


$50-$100 million well-spent. (Photo by Chad Carl | SPYONvegas.com)

It’s no secret that Live Nation and SFX, a company owned by original LiveNation founder Robert Sillerman, have been aggressively purchasing nightclubs in the Miami. What’s interesting, however, is that both companies may also be aggressively pursuing Insomniac Events, which produces the Electric Daisy Carnival. DancingAstronaut.com has heard similar reports and wrote the offer being put on the table is $100 million, though we hear the figure may be closer to $50 million and that a deal may be close. A rep for Insomniac says, “there is nothing to report.”

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