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Live Nation Plans to Acquire OCESA Entretenimiento in Move Into Latin America

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Dwell Nation Leisure Inc. has reached a brand new settlement to accumulate Mexican live performance promoter OCESA Entretenimiento for about $450 million.

The deal, if accomplished, would give the world’s largest live-entertainment firm a 51% stake and controlling curiosity in certainly one of its largest rivals, which dominates the Latin American market that has exploded within the streaming period, based on Dwell Nation. Plans for a deal have been beforehand reached in July 2019, however unraveled when the Covid-19 pandemic devastated live touring.

https://www.wsj.com/articles/live-nation-plans-to-acquire-ocesa-entretenimiento-in-move-into-latin-america-11631525402?mod=pls_whats_news_us_business_f | Dwell Nation Plans to Purchase OCESA Entretenimiento in Transfer Into Latin America

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