AEG and NBA China Form Joint Venture (Business Wire)

Sunday October 12, 12:15 pm ET - Unprecedented Partnership to Result in Development of NBA-Style Sports and Entertainment Arenas throughout China - LONDON--(BUSINESS WIRE)--AEG, one of the leading sports and entertainment presenters in the world, and NBA China, have formed a joint venture to design, market, program and operate multi-purpose, NBA-style sports and entertainment arenas in major cities throughout Greater China, it was announced at a press conference today at AEG’s O2 arena in London by Mr. Timothy J. Leiweke, President and CEO of AEG and NBA Commissioner David Stern. The press conference took place prior to the game between the New Jersey Nets and Miami Heat as part of NBA Europe Live presented by EA SPORTS. AEG developed and operates the state-of-the-art O2 arena in London. The new joint venture will work with... [read full story]