Live Nation to acquire Ocesa stake in $480m deal
Ocesa Entertainment, the world's fifth-largest promoter and the parent company of Ticketmaster Mexico, is set to be majority Live Nation-owned before the end of the year
News By | 25 July 2019
Live Nation is to acquire a majority stake in Ocesa Entertainment, the largest promoter in Latin America and the fifth-biggest by ticket sales globally.
The US concert giant will acquire 51% of Ocesa – which also owns Ticketmaster Mexico – from the Inter-American Entertainment Corporation (Corporación Interamericana de Entretenimiento, CIE), a vertically integrated entertainment group often described as Mexico’s Live Nation equivalent, and Televisa Group, the largest mass media company in the Spanish-speaking world. The transaction is…
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