SFX Buys B2S

SFX Entertainment’s electronic dance music holdings continue to multiply.

The Robert FX Sillerman-owned company has agreed the acquire the remaining 50 percent stake in electronic dance music promoter B2S, which presents festivals including Decibel, Hard Bass, Thrillogy, Knock Out and Loudness.

SFX purchased 50 percent of B2S in October, around the same time the company acquired Dutch dance promoter ID&T.

Under the terms of the deal, SFX will pay $14.3 million in cash and issue 400,000 shares of SFX common stock at closing.