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SFX Entertainment Inc completes purchase of B2S


Monday, 3 Mar 2014 08:00am EST 

SFX Entertainment Inc:Says it has completed the acquisition of the remaining 50 percent of B2S Holding BV, which specializes in hard electronic dance music.SFX now owns 100 percent of the company.It has completed the acquisition of the remaining 50 percent of B2S Holding BV, which specializes in hard electronic dance music. SFX now owns 100 percent of the company.SFX paid B2S $14.3 million in cash and issued 400,000 shares of SFX common stock at closing.SFX had initially acquired 50 percent of B2S as part of its acquisition in October 2013 of ID&T.which has produced events such as Sensation, Mysteryland and Tomorrowland in Europe and around the world and TomorrowWorld in the U.S. SFX previously announced the agreement to purchase the outstanding 50 percent of B2S in December 2013. 

Company Quote

3.93
0.11 +2.88%
17 Dec 2014