Announced
Completed
Financials
Tags
United States
marketing agency
Media Agencies
event marketing
Acquisition
Domestic
Majority
Private
Completed
Friendly
Single Bidder
Synopsis
AEG Presents, a live music company, completed the acquisition of a 51% stake in Cardenas Marketing Network, a multicultural event marketing and sponsorship agency. Financial terms were not disclosed. “We are excited to partner with AEG Presents, one of the most powerful global forces in live entertainment. I have known Jay Marciano for over 40 years and have deep respect for all his accomplishments and the tremendous business that he has built at AEG Presents. Together we look forward to making an even greater impact on the explosive growth in the Latin market," Henry Cardenas, CMN Founder and CEO.
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