on CTS EVENTIM AG (isin : DE0005470306)
Vivendi & CTS EVENTIM: Completion of the Sale of Vivendi’s Festival and International Ticketing Activities to CTS EVENTIM
Paris/Munich, 6 June 2024 – CTS EVENTIM, a global provider of ticketing services and live entertainment, and Vivendi, a leader in culture and media, announced the completion of the sale of Vivendi’s festival and international ticketing activities. A put option agreement was signed on 2 April 2024.
The total enterprise value of the transaction is approximately €300 million. Vivendi’s ticketing and festival activities generated €137 million in revenues in 2023, with €105 million from ticketing and an EBITDA of €26 million. The UK market led revenue, followed by the US.
The deal offers development opportunities for Vivendi's festival portfolio and See Tickets' international activities, ensuring continuity for partners. It supports CTS EVENTIM's internationalization strategy, benefiting artists and managers with more seamless global services.
R. E.Copyright © 2024 FinanzWire, all reproduction and representation rights reserved. Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all CTS EVENTIM AG news