Live Nation Entertainment to acquire a majority stake in Groot Hospitality.

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.