SFX Entertainment has signed a merger agreement whereby CEO Robert FX Sillerman will acquire the 62.2% of outstanding common stock of SFX that he does not already own, which will effectively see the company go private.

The EDM tycoon indicated that he wished to do so at the beginning of the year, even though he managed to raise $260 million ahead of its initial public offering in October 2013, with the company being valued at over $1 billion after 20 ...