Live Nation to acquire a 51% stake in CIE’s live entertainment business.

Live Nation, an American global entertainment company, agreed to acquire a 51% stake in CIE’s live entertainment business, for $444m. "After serving as Live Nation’s touring, festival, and ticketing partner in Mexico for years, we know OCESA is a stellar business with deep roots in live entertainment in Mexico. Alex has built a remarkable company and as we continue to build on the return to live, OCESA will play a pivotal role in putting together many incredible shows in Mexico and the rest of Latin America," Michael Rapino, Live Nation Entertainment President and CEO.