Anschutz says terminates sale process for AEG

March 14 Thu Mar 14, 2013 1:05pm EDT

March 14 (Reuters) - Billionaire Phil Anschutz has decided to retain ownership in Anschutz Entertainment Group and will terminate the sale process for the sports and entertainment empire, the company said on Thursday.

As part of the decision, Dan Beckerman will become president and chief executive officer of AEG, replacing Tim Leiweke, who has been at the helm since 1996 And will be leaving the company.

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