Announced
Financials
Tags
Friendly
Entertainment
United States
Acquisition
Majority
Single Bidder
Pending
Private
hospitality
entertainment
Synopsis
Live Nation Entertainment, the world's leading live entertainment company, has acquired a majority stake in Groot Hospitality, a portfolio company that includes top dining, entertainment, and hospitality brands known for high-energy, high-impact environments that deliver the ultimate elevated experience for guests. Financial terms were not disclosed. "Entertainment is the DNA of Groot Hospitality, so it was a natural fit for us to join the leading live entertainment company. Live Nation shares my passion for creating once in a lifetime experiences, and together we will grow our portfolio worldwide while pushing the limits of fans' expectations," David Groot Hospitality CEO.
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