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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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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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