Creditors of Cirque du Soleil Entertainment Group are set to turn down a proposal led by TPG that would leave them with a 45% stake in the company in exchange for wiping out most of its debt.
This is so sad, and obviously just the tip of the iceberg across so many industries. Hopefully, something viable and salvageable can be worked out short-term and long-term that doesn't involve touring and arena-style spectatorship.
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