Live Nation completes $651.5M acquisition of additional 24% of OCESA, now owns 75%

Live Nation Entertainment, Inc.

Closed cash payment of ~12,118.6 million Mexican pesos (~$651.5M) to CIE for 24% of OCESA capital stock.
Transaction financed through available cash on hand and borrowings under revolving credit facility.
Post-closing purchase price adjustment mechanism agreed with seller.
Live Nation now holds 75% of outstanding OCESA capital stock.

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