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Mexico's Televisa evaluating legal action after Live Nation terminates Ocesa deal

Wednesday 27 May 2020 | 10:01 CET | News
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Mexican broadcaster and cable operator Grupo Televisa announced that it's considering legal action after Live Nation terminated a planned MXN 5.6 billion acquisition of Ocesa Entretenimiento, one of Latin America's top promoters of live events and owner of Ticketmaster Mexico. Last summer Televisa confirmed that it had agreed to sell its 40 percent stake in Ocesa to Live Nation for around USD 290 million as part of the US firm's acquisition of a majority 51 percent stake in the live promoter. However, earlier this month Live Nation said it was pulling out of the deal after evaluating the

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Categories: Broadcast & Satellite
Companies: Televisa
Countries: Latin America / Mexico
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