M&A Deal Summary

iHeartMedia Acquires Live Nation

On March 1, 2000, iHeartMedia acquired media company Live Nation for 4.4B USD

Acquisition Highlights
  • This is iHeartMedia’s 2nd transaction in the Media sector.
  • This is iHeartMedia’s largest (disclosed) transaction.
  • This is iHeartMedia’s 3rd transaction in the United States.
  • This is iHeartMedia’s 1st transaction in California.
Investment Fate
  • Live Nation was sold to a strategic buyer in 2005.

M&A Deal Summary
Date 2000-03-01
Target Live Nation
Sector Media
Buyer(s) iHeartMedia
Deal Type Add-on Acquisition
Deal Value 4.4B USD

Target

Live Nation

Beverly Hills, California, United States
website
Entrance to Live Nation's headquarters in Beverly Hills, California.
Entrance to Live Nation's headquarters in Beverly Hills, California.
Live Nation is a live entertainment company. Live Nation produces live music concerts; owns, operates, has exclusive booking rights for or has an equity interest in 148 venues, including House of Blues music venues and locations such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and The O2 Dublin; provides ticketing sales and marketing services; and provides artist management services. Live Nation was formed in 2005 and is based in Beverly Hills, California.

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Buyer(S) 1

Buyer

iHeartMedia

San Antonio, Texas, United States

website

Category Company
Sector Media
Employees9,180
Revenue 3.6B USD (2021)
DESCRIPTION

iHeartMedia is a diversified media and entertainment company with three reportable business segments, iHeartMedia, Americas outdoor advertising, and International outdoor advertising. iHeartMedia is based in San Antonio, Texas.

DEAL STATS #
Overall 4 of 9
Sector (Media) 2 of 2
Type (Add-on Acquisition) 4 of 8
State (California) 1 of 3
Country (United States) 3 of 7
Year (2000) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-02-01 Equipamientos Urbano

Las Palmas, Spain

Equipamientos Urbano is an Spanish outdoor advertising company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-21 Live Nation

Beverly Hills, California, United States

Live Nation is a live entertainment company. Live Nation produces live music concerts; owns, operates, has exclusive booking rights for or has an equity interest in 148 venues, including House of Blues music venues and locations such as The Fillmore in San Francisco, the Hollywood Palladium, the Ziggo Dome in Amsterdam and The O2 Dublin; provides ticketing sales and marketing services; and provides artist management services. Live Nation was formed in 2005 and is based in Beverly Hills, California.

Sell -
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