Texas FEC operator bought by Australian firm
Posted November 9, 2006, 9:12A |
Contributed by Jeff
A Dallas operator of six family entertainment centers in Texas has been acquired by an Australian concern in a cash deal worth up to $51 million. The purchase means the company could see its concept launched Down Under within a year. Main Event Entertainment was sold for $45 million to Macquarie Leisure Trust Group. The deal includes a $6 million "earnout" provision, meaning Main Event could receive that extra cash if it meets certain profitability targets in fiscal 2007.
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