Green light for Live Nation’s Portuguese expansion
Competition regulators have approved the company's acquisition of Lisbon's MEO Arena and promoter Ritmos e Blues
News By James Hanley | 21 November 2024
Portugal’s competition authority has greenlit Live Nation’s acquisition of Lisbon’s MEO Arena, along with promoter Ritmos e Blues (Rhythm & Blues).
It was revealed in April last year that Live Nation was purchasing a majority stake in the venue’s owner Arena Atlântico and subsidiaries including ticketing company Blueticket, in addition to an “indirect controlling stake” in Ritmos e Blues.
The deal was held up by an in-depth investigation by regulator Autoridade da Concorrência (AdC…
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