February 1, 2017 / 1:16 PM / 3 years ago

BRIEF-Madison Square Garden Co's unit enters deal through which it acquired 62.5 pct common equity interest,

Feb 1 (Reuters) - Madison Square Garden Co :

* Madison Square Garden Co - unit entered deal through which it acquired 62.5pct common equity interest, $8.7 million preferred equity interest in tao holdings

* Madison Square Garden Co - upfront purchase price values Tao Group at $400 million (inclusive of leverage used to finance transaction)

* Madison Square Garden Co - deal provides sellers opportunity to earn up to additional $25.5 million upon Tao group's achievement of certain performance targets Source text:(bit.ly/2kQQ3b8) Further company coverage:

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