The rich got officially richer this week, as Live Nation announced the closure of its purchase of a controlling majority of Mexico-based promoter OCESA Entretenimiento. The deal, which was in progress for several years and then delayed by COVID, brought the world’s largest live events promoter a 51% share... Read more
Live Nation Launches $450M Stock Offering to Cover OCESA Acquisition
Industry September 17, 2021
Live Nation announced that it is going to offer a $450 million common stock offering, with the proceeds going towards its purchase of a majority stake in Mexico-based promoter OCESA, announced earlier. The purchase of the promotional giant involves the California-based entertainment giant acquiring 51% of OCESA for $444... Read more
Live Nation announced that it is resuming its acquisition of Mexico-based promoter Ocesa, taking on a 51% stake in the company for $444 million. The deal has been in the works for several years, but is now expected to close either later in 2021 or in early 2022. The... Read more
Live Nation Entertainment revealed this week that it has officially pulled out of an agreed acquisition deal for a majority stake in the leading Latin American music promoter, OCESA. Now, the Mexico-based company is considering legal action. Originally, Live Nation was set to acquire a 51% stake in OCESA... Read more
Late last summer, Live Nation acquired the Mexican promoter OCESA Entertainment, however, the purchase has been put on hold amid the coronavirus pandemic. The acquisition was first announced in July, followed by an approval from Mexican regulators in mid-April 2020. However, Live Nation President and CEO Michael Rapino announced... Read more
Live Nation is continuing to grow its global market with the acquisition of Mexico’s OCESA Entertainment. OCESA is a leading promoter in Latin America and is the owner of Ticketmsater Mexico from CIE, as well as Grupo Televisa, which is the largest multimedia company within the Spanish-speaking world. Annually,... Read more
