Live Nation Acquires Majority Stake in Three Prague Venues as It Expands Across Central and Eastern Europe
3 Articles
3 Articles
One of the world's largest organizers of cultural events, Live Nation, will acquire a majority stake of 51 percent in the new operator of the multifunctional halls O2 arena, O2 universum and Forum Karlín. The new joint venture will be established with the PPF investment group, which owns O2 arena and O2 universum through its subsidiary Bestsport. PPF has previously operated Forum Karlín, which has been owned by Patria investment company since la…
Live Nation to acquire majority stake in three Prague venues
Live Nation has agreed to acquire a majority stake in three Prague live entertainment venues from private investment company PPF Group. The deal covers O2 arena (cap. 20,000), O2 Universum (cap. 5,000),and Forum Karlín (cap. 4,000). Live Nation said the partnership will support investment in the venues, with plans to upgrade facilities and improve provision for artists, audiences and event organisers. The venues will remain open to artists, pro…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
