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Business News (more headlines) 12-28-2013

SFX Agrees To Acquire B2S

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SFX Entertainment, Inc., the world's largest producer of live events and entertainment content focused exclusively on electronic music culture (EMC) and other world-class festivals, announced that it has agreed to acquire B2S Holding BV. B2S, which specializes in hard electronic dance music, is one of the world's leading electronic music culture (EMC) event organizers, and its festival and live event brands include Decibel, Hard Bass, Thrillogy, Knock Out, and Loudness.

SFX previously acquired 50 percent of B2S as part of its acquisition in October of ID&T, which has produced events such as Sensation, Mysteryland and Tomorrowland in Europe and around the world. Under the agreement, SFX will purchase the remaining 50 percent of B2S that was not already owned by SFX and will pay $14.3 million in cash and issue 400,000 shares of SFX common stock at closing.

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