Live Nation resumes acquisition of 51% stake in OCESA for ~$444M, all cash

Live Nation Entertainment, Inc.

Aggregate purchase price MXN$8,835M (~USD$444M); 7% held back to cover potential operating losses post-closing.
Deal originally signed July 2019, terminated May 2020, subject to arbitration; now revived with all-cash structure.
Expected close late 2021/early 2022; subject to Mexican regulatory approvals and CIE shareholder approval.
OCESA promotes 3,100+ events for ~6M fans/year, owns Ticketmaster Mexico, 13 premier venues in Mexico.
Soberón Kuri to remain CEO and join board; Rapino to become Chairman of venture board.

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