Live Nation Closes $415 Million Acquisition of Giant Latin American Promoter OCESA

Live Nation Closes $415 Million Acquisition of Giant Latin American Promoter OCESA

Live Nation Entertainment, the world’s largest live-entertainment company, has closed its long-in-the works acquisition of a 51% controlling interest in OCESA Entretenimiento, a leading promoter in Latin America. The aggregate purchase price was MXN $8,835 million (around U.S. $415 million), 7% of which will be held back and retained by Live Nation to cover operating losses, […]