Live Nation Entertainment Inc.
08/29/2025 | Press release | Distributed by Public on 08/29/2025 15:01
Material Event (Form 8-K)
Item 8.01 Other Events.
On August 19, 2025, Live Nation Entertainment, Inc. (the "Company") completed its previously announced acquisition of an additional 24% of the capital stock of OCESA Entretenimiento, S.A. de C.V. ("OCESA") from Corporación Interamericana de Entretenimiento, S.A.B. de C.V. ("CIE"). Pursuant to the terms of the purchase agreement entered into between the Company and CIE, the Company acquired the additional shares of OCESA's capital stock in exchange for a closing cash payment to CIE of approximately 12,118.6 million Mexican pesos (or approximately $651.5 million based on the then prevailing exchange rate), which amount will be subject to a mutually agreed post-closing purchase price adjustment mechanism. The transaction was financed through a combination of the Company's available cash on hand and borrowings under the Company's revolving credit facility, and, as a result of the transaction, the Company now owns 75% of the outstanding capital stock of OCESA.
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