Live Nation closes acquisition of 51% of OCESA for MXN$8,835 million

Live Nation Entertainment, Inc.

Closed acquisition of 51% controlling interest in OCESA for MXN$8,835 million.
OCESA is the third largest promoter globally; Ticketmaster Mexico sells ~20M tickets annually.
7% of purchase price held back by Live Nation to cover potential operating losses.
Arbitration proceedings before the ICC were dismissed in connection with the closing.
Alejandro Soberón Kuri named CEO of JV; Michael Rapino becomes Chairman of board.

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