Mexico's Televisa considers legal steps in breakdown of deal with Live Nation [Reuters]
Live Nation Entertainment, Inc. (LYV)
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Source: Reuters
Mexico's Televisa considers legal steps in breakdown of deal with Live Nation MEXICO CITY (Reuters) - Grupo Televisa said on Tuesday it would consider its legal options after talks with U.S. firm Live Nation Entertainment failed to reach an accord over the latter’s decision to pull out of a deal with the Mexican broadcaster. Last July, Televisa ( TLEVISACPO.MX ) said it had agreed to sell its stake in Mexican entertainment firm Ocesa to Live Nation ( LYV.N ) for around $290 million as part of the U.S. company’s acquisition of 51% of Ocesa. Televisa held 40% of Ocesa and Mexican entertainment firm Corporacion Interamericana de Entretenimiento (CIE) around 11%. However, early this month Live Nation announced it was not going ahead with the deal. In a statement to the U.S. stock exchange, Live Nation said it was terminating the purchase agreement due to CIE’s failure to comply with certain contractual obligations. Televisa opposed the decision and so the parties began talks under a s
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LYV
Earnings
- 11/2/23 - Beat
LYV
Sec Filings
- 4/11/24 - Form 4
- 4/9/24 - Form PRE
- 4/2/24 - Form 4
- LYV's page on the SEC website