Live Nation’s $430 Million Acquisition of 51% stake in Ocesa Entretenimiento

Creel, García-Cuéllar, Aiza y Enríquez advised Live Nation Entertainment on the transaction. Mijares, Angoitia, Cortés y Fuentes advised Grupo Televisa S.A.B. de C.V. and Rico, Robles, Libenson y Bernal advised Corporación Interamericana de Entretenimiento, S.A.B. de C.V.

Live Nation Entertainment (NYSE: LYV) has resumed its previously announced acquisition of a 51% controlling interest in OCESA Entretenimiento, a leading promoter in Latin America and owner of Ticketmaster Mexico. The deal was delayed at the onset of the COVID-19 pandemic.

What Happened: Live Nation is paying $444 million to acquire the majority stake in Ocesa from Grupo Corporación Interamericana de Entretenimiento, a Mexican entertainment and media company, and Grupo Televisa, (NYSE: TV) the Spanish-language world’s largest multimedia company.

As part of the transaction, Live Nation also acquired an interest in OcesaSeitrack, OCESA’s booking and artist management joint venture; ICREA, one of Mexico’s special and corporate event specialists; and Centro Citibanamex, an exhibition and convention center in Mexico City.

Creel, García-Cuéllar, Aiza y Enríquez advised Live Nation Entertainment, Inc with Iker Arriola (Picture), Omar Zúñiga Arroyo, Francisco Peniche, Luis Gerardo García Santos Coy, Carlos de Icaza. Consejero Jorge Kargl, Gerardo Zimbrón Santamaría, Rodrigo Macías Peña Medrano, Mauricio Palmero, Eduardo Brand López, Eduardo Espinosa Reséndiz, Julio Álvarez Ortega, Sofía Castañón Rivera, Juan Pablo Sandoval and Alejandro Castelló.

Mijares, Angoitia, Cortés y Fuentes advised Grupo Televisa S.A.B. de C.V. with Francisco Fuentes Ostos, Ricardo Maldonado Yáñez, Francisco Glennie, Carlos Ernesto Orcí Berea and Iván Serralde Lóyzaga.

Rico, Robles, Libenson y Bernal advised Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (CIE) on the transaction.

Involved fees earner: Iker Arriola Peñalosa – Creel, García-Cuéllar, Aiza y Enriquez SC; Eduardo Brandt – Creel, García-Cuéllar, Aiza y Enriquez SC; Sofia Castañón – Creel, García-Cuéllar, Aiza y Enriquez SC; Alejandro Castelló – Creel, García-Cuéllar, Aiza y Enriquez SC; Carlos de Icaza – Creel, García-Cuéllar, Aiza y Enriquez SC; Eduardo Espinosa Reséndiz – Creel, García-Cuéllar, Aiza y Enriquez SC; Luis Gerardo García Santos Coy – Creel, García-Cuéllar, Aiza y Enriquez SC; Jorge Kargl Pavia – Creel, García-Cuéllar, Aiza y Enriquez SC; Francisco Peniche Beguerisse – Creel, García-Cuéllar, Aiza y Enriquez SC; Rodrigo Macías Peña Medrano – Creel, García-Cuéllar, Aiza y Enriquez SC; Juan Pablo Sandoval – Creel, García-Cuéllar, Aiza y Enriquez SC; Gerardo Zimbrón – Creel, García-Cuéllar, Aiza y Enriquez SC; Omar Zúñiga Arroyo – Creel, García-Cuéllar, Aiza y Enriquez SC; Francisco Fuentes-Ostos – Mijares, Angoitia, Cortés y Fuentes, S.C.; Francisco Glennie Quiròs – Mijares, Angoitia, Cortés y Fuentes, S.C.; Ricardo Maldonado-Yáñez – Mijares, Angoitia, Cortés y Fuentes, S.C.; Carlos Orcí Berea – Mijares, Angoitia, Cortés y Fuentes, S.C.; Iván Serralde – Mijares, Angoitia, Cortés y Fuentes, S.C.;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Mijares, Angoitia, Cortés y Fuentes, S.C.;

Clients: Grupo Televisa SAB; Live Nation;

Author: Ambrogio Visconti