SFX buys Swedish promoter

Company provides live entertainment

SFX Entertainment announced Monday it has agreed to acquire Sweden’s leading music promoter EMA Telestar Group.

The company, which owns the Cirkus theater in Stockholm, is a major provider of live entertainment in Scandinavia and has worked to promote worldwide tours of acts including ABBA, Roxette and the Cardigans, SFX said in a statement.

Financial terms of the deal weren’t announced, but acquisition marks fast-growing SFX’s second foray overseas. In early August, the company unveiled plans to acquire Apollo Leisure Group of the U.K.

SFX shares fell 5.4% to $37.38 Monday.

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