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Madison Square Garden owner James Dolan is looking to duplicate the success of his Las Vegas Sphere with a new, eye-popping, high-tech venue just outside Washington, DC -- a massive orb-shaped arena at National Harbor backed by roughly $200 million in public and private investment.

The definitive agreement hands Universal Music Group (UMG)-owned UMI a 30% shareholding in Mumbai-based Excel, valuing the company at ₹2,400 crores ($300M).