Live Nation Entertainment Inc. has reached a new agreement to acquire Mexican concert promoter OCESA Entretenimiento for about $450 million.
The deal, if completed, would give the world’s largest live-entertainment company a 51% stake and controlling interest in one of its largest competitors, which dominates the Latin American market that has exploded in the streaming era, according to Live Nation. Plans for a deal were previously reached in July 2019, but unraveled when the Covid-19 pandemic devastated live touring.
