Eldorado Resorts has agreed to purchase its much-larger rival, Caesars Entertainment. The overall cash-and-stock deal is valued at $17.3 billion. The acquisition includes Caesars’ debt. Eldorado will acquire all of Caesars’ outstanding shares for $12….
Category archives: Mergers and Acquisitions
DEAG Buys Into Another Major Concert Player In Switzerland
European live music promoter DEAG has acquired a majority stake in two Swiss live concert companies. The buy-ins involve Live Music Production and Live Music Entertainment, owned by promoter and event organizer Michael Drieberg. Drieberg has been a suc…
Vivendi Suspends Its Sale of Universal Music Group — Possibly Due to the 2008 Fire Fallout
French media megalith Vivendi is pausing its efforts to divest 50% of Universal Music Group. But why? The proposed sale of Universal Music Group has attracted interest from several potential buyers, including Alibaba, KKR & Co., SiriusXM/Pandora o…
Concord Acquires Russian and Soviet Classical Specialist Sikorski Music
Concord Music Publishing has unveiled a new acquisition, and with it, a merger. The publisher has confirmed the acquisition of Sikorski Music Publishing Group. Sikorski serves as the custodian of Russian and Soviet-era classical copyrights. These incl…
Hipgnosis Confirms Yet Another Songwriter Catalog Acquisition — Michael Knox
Merck Mercuriadis’ Hipgnosis Songs Fund has scored yet another critical catalog. Hipgnosis has been on the move this year. Mercuriadis’ music IP company has acquired stakes in several renowned songwriter catalogs in the music industry, including signif…
Paradigm Talent Agency’s Chairman Walks Away From UTA’s Acquisition Offer
Several days ago, rumors pointed to United Talent Agency’s (UTA) intentions of buying out rival Paradigm Talent Agency. Sources speaking with The Hollywood Reporter, for example, said talks were “real” and had “heated up lately.” Yet, several large hu…
DEAG Acquires Majority Stakes in C2 Concerts and LiveStyle’s I-Motion
DEAG has been rather busy this week. First, the European live concert promoter revealed it had acquired a 51% majority stake in C2 Concerts, effectively taking control of the company on Monday. C2 operates as a musical producer, tour operator, and loca…
Mojo Purchases a Majority Stake in Indie Publisher Chelsea Music
Mojo Music & Media has purchased a majority stake in London-based Chelsea Music. The indie label will remain in operation and will serve as the London presence for Mojo. Chelsea Music was founded by industry veteran Eddie Levy, who will stay on as …
Warner Music Finland Acquires Finnish Indie Hip-Hop Label Monsp Records
Warner Music Group has acquired Monsp Records, one of the largest indie hip-hop labels in Finland. WMG has been scooping up several independent labels across the globe in the last two years. Recent acquisitions for WMG include Netherlands-based Spinnin…
Moving Forward With Its Monetization and Distribution Program, SoundCloud Purchases Repost Network
SoundCloud has unveiled a new acquisition. The independent music streaming service has entered into a definitive agreement to completely acquire Repost Network, a rights management and distribution company. Speaking about the purchase, Michael Weissman…