Live nation entertainment, inc. (nyse:lyv) acquired a majority stake in groot hospitality llc.

Live nation entertainment, inc. (nyse:lyv) acquired a majority stake in groot hospitality llc on october 21, 2019. pursuant to the transaction, david grutman will remain as chief executive officer of groot hospitality along with executives chris cuomo and mo garcia. augusto sasso, ramy ibrahim and jeremy burke of moelis & company (nyse:mc) acted as financial advisors; branch furtado of grubman shire meiselas & sacks pc and, iryna ivashchuk and mitchell goldberg of berger singerman llp acted as legal advisors to groot hospitality. live nation entertainment, inc. (nyse:lyv) completed the acquisition of a majority stake in groot hospitality llc on october 21, 2019.
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