Live Nation plans to acquire OCESA Entretenimiento to move into Latin America

Live Nation plans to acquire OCESA Entretenimiento to move into Latin America

Live Nation Entertainment Inc. has entered into a new agreement to acquire Mexican concert promoter OCESA Entretenimiento for approximately $450 million.

According to Live Nation, if the deal goes through, the world’s largest live-entertainment company would have a 51% stake and controlling interest in one of its biggest competitors, which dominates the Latin American market. The streaming age has exploded. A deal was first planned in July 2019, but was revealed when the Covid-19 pandemic devastated live touring.

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