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Live Nation Rises to 75% Stake in Mexico’s OCESA

The agreement guarantees Alejandro Soberón’s role as CEO until 2032

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Overview

  • Live Nation acquired an additional 24% of OCESA, bringing its total ownership to 75%.
  • The purchase agreement extends Live Nation’s option to buy the remaining 25% through 2032.
  • The transaction injects over 12,000 million pesos into CIE to reduce debt and support capital needs.
  • Alejandro Soberón will continue as OCESA’s CEO under the new terms through 2032.
  • The deal awaits approval at CIE’s shareholder meeting and is slated to close by end of August 2025.