Live Nation to Acquire 51% of Ocesa, Mexico’s Largest Concert Promoter, for $444 Million
Jem Aswad Senior Music EditorLive Nation has resumed its acquisition of a 51% controlling interest in Ocesa Entretenimiento, a leading promoter in Latin America and owner of Ticketmaster Mexico, for an aggregate purchase price of $8,835,000,000 in Mexican dollars, or approximately $444 million U.S. The acquisition was first announced back in 2019 for a reported $480 million but delayed due to the pandemic; changes in the exchange rate account for a large percentage of a current lower prince.