Report: Cirque du Soleil Sale Moving into “Final Stages”

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The sale of Quebec’s famed Cirque du Soleil is moving into the final stages with bidders given until next week to submit offers to acquire a controlling stake from founder Guy Laliberté.

Mr. Laliberté, a one-time street performer who parlayed his fire-breathing skills into the world’s most celebrated circus company, has agreed to sell all but 10 per cent of his stake in the company, according to sources familiar with the process. Mr. Laliberté initially planned to sell a minority interest, but people familiar with negotiations said interested buyers are pushing for control.

{ SOURCE: The Globe and Mail }