Live Nation completes Ocesa acquisition
The US concert giant has finally completed the pre-pandemic deal, acquiring a 51% in Ocesa, the third-largest promoter in the world
News By IQ | 7 December 2021
Live Nation yesterday (6 December) announced the completion of its previously announced acquisition of Ocesa Entretenimiento, the third-largest promoter in the world and the parent company of Ticketmaster Mexico.
The US$444 million deal gives the world’s largest live entertainment company, Live Nation, a 51% stake in one of its largest competitors, which dominates the Latin American market.
The deal comprises a 40% stake in Ocesa, which Live Nation acquired from Grupo Televisa, and an 11% share from Corporacion Interamericana de Entretenimiento’s…
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