SFX Announces Complete Acquisition Of Dutch EDM Events Organizer b2s

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Photo Of The 2013 Decibel Festival

SFX Announces Complete Acquisition Of Dutch EDM Events Organizer b2s

The world's largest producer of EDM culture events, SFX entertainment, has just announced a deal that gives them complete ownership of leading international event organizer b2s and brands Decibel, Hard Bass, Thrillogy, Knock Out and Loudness.

SFX paid b2s $14.3 million in cash and issued 400,000 shares of SFX common stock at closing. SFX had initially acquired 50 percent 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. SFX previously announced the agreement to purchase the outstanding 50 percent of B2S in December 2013.

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