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CTS Eventim Completes $327M Acquisition of Vivendi’s Festival and Ticketing Businesses

CTS Eventim has completed its Vivendi festival and ticketing businesses purchase for 300 million euros ($327 million).

The German concert promoter and ticketing company had entered into a put option to acquire the businesses from Vivendi on April 2. The acquisition will provide a big boost to CTS Eventim’s existing ticketing sales. “The acquisition supports our internationalization strategy and will also benefit artists and their managers, as we will be able to offer even more seamless services on a global scale,” said CTS Eventim chief executive Klaus-Peter Schulenberg in a statement announcing the acquisition in April.

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