LYV Increases OCESA Stake to 75% with MXN 12,118.6M Cash Deal

Rhea-AI Filing Summary

Live Nation completed a material acquisition increasing its ownership in OCESA to 75%. The company purchased an additional 24% of OCESA Entretenimiento from CIE for approximately 12,118.6 million Mexican pesos (about $651.5 million at the then-prevailing exchange rate). The purchase price is subject to a mutually agreed post-closing purchase price adjustment mechanism. The transaction was financed with the company’s available cash on hand and borrowings under its revolving credit facility, and reflects the company’s move to increase its stake in OCESA.

Positive

• Completed acquisition of an additional 24% of OCESA, increasing Live Nation's ownership to 75%.
• Definitive cash payment disclosed: approximately 12,118.6 million Mexican pesos (about $651.5 million) was paid at closing.

Negative

• Purchase price subject to post-closing adjustment, creating potential uncertainty in final consideration.
• Transaction financed partly with borrowings under the revolving credit facility, which may increase near-term leverage or affect liquidity.

Insights

M&A Specialist

TL;DR Live Nation increased its stake in OCESA to a controlling 75% via a cash-and-credit financed purchase of 24%.

The acquisition closes a previously announced deal under which Live Nation paid approximately 12,118.6 million Mexican pesos (about $651.5 million) to CIE for an additional 24% of OCESA.

This transaction establishes majority ownership at 75%, which, by definition, strengthens Live Nation's control over OCESA's operations and strategic direction. The price is subject to a post-closing adjustment, meaning final consideration may change based on agreed metrics. The funding mix—cash plus borrowings under the revolving credit facility—was used to close the deal.

Corporate Finance Analyst

TL;DR Transaction increases ownership to 75% and was funded with cash plus revolver borrowings, creating potential near-term leverage impact.

The company reported a closing cash payment of ~12,118.6 million Mexican pesos (approx. $651.5 million). The disclosure notes the amount is subject to a mutually agreed post-closing purchase price adjustment mechanism, indicating possible future changes to the reported cash consideration.

Financing from available cash and borrowings under the revolving credit facility means the company used both liquidity and credit capacity to fund the purchase; this could affect short-term liquidity and leverage metrics until any adjustments or repayments occur.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported):

August 19, 2025

Live Nation Entertainment, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware

001-32601

20-3247759

(State or other jurisdiction of incorporation)

(Commission File No.)

(I.R.S. Employer Identification No.)

 

9348 Civic Center Drive
Beverly Hills, California						90210
(Address of principal executive offices)						(Zip Code)

(310) 867-7000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, $.01 Par Value Per Share

LYV

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company			☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 8.01    Other Events.

On August 19, 2025, Live Nation Entertainment, Inc. (the “Company”) completed its previously announced acquisition of an additional 24% of the capital stock of OCESA Entretenimiento, S.A. de C.V. (“OCESA”) from Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (“CIE”). Pursuant to the terms of the purchase agreement entered into between the Company and CIE, the Company acquired the additional shares of OCESA’s capital stock in exchange for a closing cash payment to CIE of approximately 12,118.6 million Mexican pesos (or approximately $651.5 million based on the then prevailing exchange rate), which amount will be subject to a mutually agreed post-closing purchase price adjustment mechanism. The transaction was financed through a combination of the Company’s available cash on hand and borrowings under the Company’s revolving credit facility, and, as a result of the transaction, the Company now owns 75% of the outstanding capital stock of OCESA.

Item 9.01    Financial Statements and Exhibits.

(d)     Exhibits

Exhibit No.						Exhibit Description
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Live Nation Entertainment, Inc.
By:						/s/ Brian Capo
						Brian Capo
						Senior Vice President and Chief Accounting Officer

August 29, 2025

FAQ

What did Live Nation announce in this 8-K regarding OCESA (LYV)?

Live Nation completed the purchase of an additional 24% of OCESA, bringing its ownership to 75%.

How much did Live Nation pay to acquire the additional OCESA shares?

The closing cash payment was approximately 12,118.6 million Mexican pesos, or about $651.5 million based on the then-prevailing exchange rate.

How was the acquisition financed?

The transaction was financed through a combination of the company's available cash on hand and borrowings under its revolving credit facility.

Is the purchase price final?

No. The disclosed amount is subject to a mutually agreed post-closing purchase price adjustment mechanism.

What is Live Nation's ownership stake in OCESA after the transaction?

Following the transaction, Live Nation owns 75% of OCESA's outstanding capital stock.