Live Nation resumes acquisition of Ocesa for $444m
The US concert giant has revived a pre-pandemic deal to acquire 51% in Mexico-based Ocesa, the third-largest promoter in the world
News By IQ | 13 September 2021
Live Nation has resumed its acquisition of Ocesa, the third-largest promoter in the world and the parent company of Ticketmaster Mexico.
The US$444 million deal, if completed, would give the world’s largest live entertainment company a 51% stake in one of its largest competitors, which dominates the Latin American market.
The acquisition, which was paused due to the pandemic, is now expected to close by late 2021 or early 2022, subject to regulatory approval.
Live Nation originally agreed to buy 51% of…
You've used your free article this month
Continue reading with a free account, or subscribe for unlimited access to all of our news, features and reports.
