After the deal was put on hold earlier this month, the parties were were unable to agree to new terms. Live Nation has terminated a planned $480 million acquisition of Mexico's largest promoter OCESA Entretenimiento, but a future agreement is still possible, a source tells Billboard.
Monday (May 25), Live Nation officials notified Corporación Interamericana de Entretenimiento (CIE) and Grupo Televisa that Live Nation was terminating a stock purchase agreement to acquire a controlling interest in the Mexican concert company.
Live Nation chief executive Michael Rapino previously announced that the deal was being put on hold during a May 7 earnings call, saying company officials planned to "evaluate the impact of the global COVID-19 pandemic
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.