Under the terms of the agreement, Live Nation will acquire the 10 venues operating under the House of Blues brand, including HOBs in West Hollywood,
“We have great respect for the House of Blues employees and what they have accomplished, and we look forward to welcoming them into the Live Nation family,” Live Nation CEO Michael Rapino said of the deal.
Added his HOB counterpart, Greg Trojan: “This represents a compelling opportunity to grow our brand and accelerate the expansion of our club business, both in the
The company expects to file full financial information at the closing of the transaction. Goldman, Sachs & Co. and Morrison & Foerster advised Live Nation on the deal.
Another music-associated brand name is expected to be flying another corporate flag soon as well: The London-based Bank Group revealed Tuesday that it is seriously considering the sale of its 70 Hard Rock Café restaurants in order to concentrate on its core business of gambling. The Hard Rock chain, which started 35 years ago in
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