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Stock Market & Financial Investment News

News Breaks
March 3, 2014
08:07 EDTSFXESFX Entertainment completes purchase of B2S
SFX Entertainment announced that it has completed the acquisition of the remaining 50% of B2S Holding, which specializes in hard electronic dance music. SFX now owns 100% of the company. SFX paid B2S $14.3M in cash and issued 400K shares of SFX common stock at closing. SFX had initially acquired 50% of B2S as part of its acquisition in October 2013 of ID&T, which has produced events such as Sensation, Mysteryland and Tomorrowland in Europe and around the world and TomorrowWorld in the U.S.
News For SFXE From The Last 14 Days
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September 3, 2015
06:06 EDTSFXESFX Entertainment: Vendors demanding up-front payments, 'impacting liquidity'
SFX Entertainment said in a regulatory filing yesterday that, in a meeting with certain of its noteholders on September 1, SFX Entertainment disclosed that the downgrading to the company's corporate credit rating by rating agencies has contributed to short-term disruption to its business operations. Specifically, the company has been required to expend more of its cash reserves than planned on unforeseen live event expenses, including making upfront payments to more of its live event vendors, impacting the company's liquidity. Additionally, the company confirmed that its special committee of independent directors and management has received indications of interest regarding the potential acquisition of various components of the company's business. The committee and management are continuing to review these indications of interest, which are non-binding.

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