UPDATE 1-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 on Tuesday said 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. After Televisa’s announcement, its shares plummeted more than 6.7%. 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. Te
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News
- Live Nation Entertainment, Inc. (LYV) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsAccesswire
- INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Live Nation Entertainment, Inc. and Encourages Investors with Losses to Contact the FirmAccesswire
- Madonna sued by fans again after starting concert late [FOX Business Network]FOX Business Network
- Law Offices of Howard G. Smith Announces Investigation of Live Nation Entertainment, Inc. (LYV) on Behalf of InvestorsBusiness Wire
- Vibrant brews more business, fewer branches [Yahoo! Finance]Yahoo! Finance
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