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.