Amongst the mangled remains of SFX Entertainment, talks of the purchase of ID&T are heard.

Dutch mogul and Fear Factor  Big Brother producer John de Mol is in talks with SFX, the parent company of ID&T and organizers of many successful music festivals such as Tomorrowland. John de Mol is allegedly interested in purchasing ID&T and is said to be having “extensive discussions” with Q-dance founder Wouter Tavecchio and ID&T lawyer Bas Meijer to buy out the SFX subsidiary that backs large scale events such as Sensation and Tomorrowland.

Tomorrowland-Brasil-2015 (1)

There are other interested parties, but they are allegedly waiting for the seemingly eminent bankruptcy of SFX Entertainment, after which ID&T’s value on the market will be marked down even further. Stay tuned to the Sherp for more news!

Read more about SFX Entertainment here.