Robert Sillerman's SFX Entertainment buys Beatport

As reported by New York Times:

"Mr. Sillerman declined on Tuesday to reveal the price. But two people with direct knowledge of the transaction, who were not authorized to speak about it, said it was for a little more than $50 million."

Like I stated in a previous post, Beatport stands at the heart of the online electronic dance music world and Robert Sillerman's SFX Entertainment now owns what is likely to be the most valuable EDM property on the web. It will be interesting to see what, if anything, SFX Entertainment will do with Beatport, but this purchase is a bold move that now puts Robert Sillerman at the forefront of the EDM boom.

(Source: NYT, VIA @elektro)