AFR are reporting that ticketing and live entertainment juggernaut TEG is up for sale, with Goldman Sachs appointed to take the company to auction before Christmas – a process expected to attract prices north of $1 billion.

TEG has rapidly expanded over the past few years, teaming up with Dainty Group and Division Agency, and operating the TEG Live arm, Eventopia, Ticketek Australia and New Zealand, and Qudos Bank Arena.

Amazon and Telstra are but two companies reportedly showing an interest in acquiring the company.

We have reached out to TEG for comment.