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Tuesday, December 29, 2020

Madison Square Garden (NYSE: MSG) split into two companies on April 17, 2020

 On March 31, 2020, The Madison Square Garden Company (NYSE: MSG) split into two independent, publicly-traded companies by way of a tax-free spin-off of its Entertainment business. 

  • Madison Square Garden Sports (MSGS): The Sports business will remain in the existing Company, which will be renamed Madison Square Garden Sports Corp and will change its stock ticker from “MSG” to “MSGS” in connection with the separation. 
  • Madison Square Garden Entertainment (MSGE): The Entertainment business will be part of a new company that will be named Madison Square Garden Entertainment Corp. at separation, and its common stock would be listed on the NYSE under the symbol “MSGE”.


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