A majority interest in Cirque du Soleil will be sold to private equity firm TPG Capital in a deal that reportedly values the live entertainment group at approximately $1.5 billion. The company's billionaire founder, Guy Laliberte, is in for a nice pay day when he unloads the majority of his 90% stake.
LAS VEGAS — A Paris-born performer in Cirque du Soleil’s “Ka” died after a fall during a show in Las Vegas.
Sarah Guyard-Guillot was pronounced dead late Saturday night at a hospital after falling about 50 feet from the show’s stage.
Witnesses told the Las Vegas Sun that the accident occurred near the end of the production Saturday night at the MGM Grand.
MONTREAL — The strong Canadian dollar, surging production costs and the worldwide economic downturn are all being blamed by the Cirque du Soleil for its decision to lay off 400 employees.
Most of the layoffs will be at the artistic giant’s Montreal headquarters.
Company spokeswoman Renee-Claude Menard moved to dispel speculation the Cirque is flailing.
“The first thing to say is that the Circus is not in crisis,” Menard told a news conference Wednesday. “Let’s get that straight.
A group led by private equity firm TPG Capital agreed to buy Cirque du Soleil for an undisclosed sum.
The Caisse de depot et placement du Quebec and China’s Fosun International Ltd. will acquire minority stakes in the Montreal-based entertainment company, according to a statement from Cirque du Soleil and TPG on Monday. Quebec businessman Mitch Garber will be part of the investor group and become chairman of the company.
LAS VEGAS — The death of a Cirque de Soleil performer last Saturday in Las Vegas has been ruled accidental by the Clark County coroner’s office in Nevada.
In a statement posted on its website,the office says the death of Sarah Guillot-Guyard was accidental and related to multiple blunt force trauma.
The 31-year-old woman died after she fell more than 25 metres while performing in front of an audience at Las Vegas’s MGM Grand hotel.
Federal occupational safety officials are investigating after a 31-year-old performer died in a Cirque du Soleil show in Las Vegas over the weekend, the company said Monday.
Veteran acrobat Sarah Guillot-Guyard died after she fell in front of the audience during a performance of “Ka” Saturday night at the MGM Grand.
No details of the investigation were given and future performances of the show have been cancelled until further notice.