The Anschutz Entertainment Group is no longer for sale and longtime president Tim Leiweke is leaving the company “by mutual decision.”

“From the very beginning of the sales process, we have made it clear to our employees and partners throughout the world that unless the right buyer came forward with a transaction on acceptable terms, we would not sell the company,” Phil Anschutz said in a statement Thursday.

Dan Beckerman was promoted from COO and CFO to president, replacing Leiweke, who had been with AEG since 1996.

“We appreciate the role Tim has played in the development of AEG, and thank him for the many contributions he has made to the Company,” Anschutz added. “We wish him well in his new endeavors.”

Read more