Live Nation Sells SFX Sports Group, Europe
November 13, 2006 at 2:01 PM (PT)
LIVE NATION announced today that it has sold its SFX SPORTS GROUP, EUROPE to WASSERMAN MEDIA GROUP. Terms of the deal were not disclosed.
LIVE NATION CEO MICHAEL RAPINO said, "The sale of this division is consistent with our strategy of divesting our sports properties in order to focus on our core businesses."
Earlier this summer LIVE NATION sold several of its other sports-related businesses, including SFX TELEVISION and SFX EVENTS, as well as its Baseball, Tennis, Golf and Football divisions.