Live Nation has reached a $65 million deal to sell Foxwoods Theater — one of Broadway’s biggest houses — to Britain’s Ambassador Theater Group, The Post has learned.
Live Nation is expected to announce the deal later today for the 1,932-seat West 42nd Street theater, the current home of “Spider-Man: Turn Off The Dark.”
“The owner wants to be hugely respectful to the staff and the production,” a source said. “They want them to stay there as long as they like.”
The purchase is the first major acquisition for Ambassador. The company, controlled by private-equity firm Exponent, also owns venues in London’s West End theater district.
Ambassador beat out two separate offers from Broadway producer Jon B. Platt, whose credits include “Wicked” and “The Book of Mormon,” and Jordan Roth, president of Jujamycn Theaters, the No. 3 owner of Broadway houses.
Live Nation put Foxwoods on the block in December.
catkinson@nypost.com