Did MSG sell Tao Group Hospitality to New York investor for $550 M?
Could you please clarify for me, did MSG indeed sell Tao Group Hospitality to a New York investor for the sum of $550 million? I'm trying to get a grasp of the financial implications of this potential transaction and its potential influence on the industry. Is there any official announcement or confirmation regarding this matter? Also, could you provide any insight into the reasons behind this sale, if it indeed took place? Thank you for your assistance in clarifying this matter.