Organization Tomorrowland turns down 100 million bid

Tomorrowland, 2012

ID&T, organizers behind international dance events, couldn't be tempted by the $ 100 million dollar (€ 77 million) bid. 

Among others, Robert Sillerman, an American businessman and media entrepreneur, had taken an interest in the company, but it hasn't been confirmed this was his bid. 

Together with Belgian brothers Manu and Michel Beers, ID&T organizes the successful dance event Tomorrowland, which has been elected 'best international festival'.  A couple of months ago brothers Beers stated that they weren't interested in selling their festival just because they can reinvent themselves every year and they love doing it.

ID&T's Duncan Stutterheim states: ‘We used to joke to eachother that we would sell the company for a hundred – a hundred thousand guilders (50 000 €),” he said. “Then, a few months ago, someone from America suddenly wanted to give us a hundred. A hundred million dollars. The choice was very difficult. But we didn’t do it. I think that this company can continue for another twenty years, that we may go into the world.”