Circus News

Founder Guy Laliberté​​​​​​​ Sells Remaining Cirque du Soleil Shares

Cirque du Soleil founder Guy Laliberté is selling the last of his shares in the entertainment behemoth nearly 36 years after launching the Quebec-based circus troupe.

The Caisse de dépôt et placement du Québec says it buying Laliberté’s remaining 10 per cent stake in Cirque du Soleil Entertainment Group, nearly doubling the Quebec pension plan’s share to about 20 per cent.

Laliberté, who less than five years ago retained about 90 per cent of the company, said he is “happy” his stock is going “to Quebec’s interests.”

The street performer-turned-billionaire said he will remain involved in the creative process while supporting the Quebec entertainment industry through his other projects.

“He will be here in our offices [Tuesday] to review the content of a new show we’re preparing,” Cirque CEO Daniel Lamarre said in a phone interview. “His commitment remains intact. That’s reassuring.”

The price of the transaction, which closed Monday, was not specified…

Read the Full Article atCBC

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