Guggenheim Partners and Liberty Media Corp have also been linked to the purchase according to Reuters, which said the deal could bring in more than $6bn.
The giant company owns a string of sports teams and venues and is one of the largest live music and entertainment providers in the world.
Its holdings include complete ownership of the LA Galaxy football team and a stake in the LA Lakers, pictured.
Investment banker Blackstone Advisory Partners is said to be compiling a list of potential buyers including sovereign wealth funds, buyout firms, large pension funds and strategics.
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