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February 13, 2014
08:02 EDTSFXESFX Entertainment acquires 50% of Rock in Rio
SFX Entertainment has completed its previously announced acquisition of a 50-percent interest in a holding company that controls Rock in Rio, one of the biggest festival franchises in the world. SFX paid R$150.0M, or approximately $ 62.3M, as of the closing date.
News For SFXE From The Last 14 Days
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October 1, 2015
12:47 EDTSFXESFX Entertainment extends bid deadline
SFX Entertainment announced earlier that its special committee of independent directors, with the concurrence of chairman and CEO Robert Sillerman, has set an initial bid deadline of October 14 for third-parties to submit their proposals to acquire the entire company or assets not central to the company's core business. The committee's decision results in a two week extension to the initial target bid date of October 2 in an attempt to "give all parties sufficient time to complete their due diligence review following events occurring in September, including the closing of the company's financing transactions on September 17 and the conclusion of the Fall festival season," SFX said. The company also noted that, pursuant to a voting agreement between Sillerman and his affiliates and the company, Sillerman has agreed to vote all shares beneficially owned by him in favor of a transaction involving the sale of the company that is recommended by the special committee. The voting agreement terminates on December 31.

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