Rendering of the new $200-million, 12,000-15,000-capacity arena being built just outside Cape Town, South Africa, which Big Concerts will operate and manage. 

Live Nation has gone all in on its bid to break into the South African market, taking a
controlling interest in the nation’s largest promoter, Big Concerts International Proprietary Limited.

Terms of the deal were not announced, but Live Nation president and CEO Michael Rapino said in a statement that the acquisition...

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