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.
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.