Los Angeles – Live Nation (NYSE: LYV) announced on Friday that its
Ticketmaster division will acquire ServiCaixa, the largest ticket retailer in
Spain, from Spanish financial services firm la Caixa.
Financial terms of the
transaction were not disclosed.
The deal will create the largest ticketing
company in Spain, through the combination of Ticketmaster Spain — formerly
known as TickTackTicket — and ServiCaxia, also known as Serviticket.
It will
also allow Ticketmaster to offer tickets through la Caxia’s network of 8,100
ATM machines in the country.
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