Vivendi : Buys Dutch Ticketing Company Paylogic
By Marc Navarro Gonzalez
Vivendi SA (VIV.FR) said Monday that it has bought Amsterdam-based ticketing and technology company Paylogic from U.S.-based LiveStyle.
Vivendi said the operation was carried out through its ticketing services company See Tickets, which will now significantly expand its network.
Paylogic sells more than five million tickets a year in more than 10 countries. Its clients include electronic dance music festival Tomorrowland and Dutch entertainment company ID&T, which will now join See Tickets' portfolio.
At the same time, Vivendi said that See Tickets has entered into a long-term commercial agreement with LiveStyle and its subsidiaries to sell tickets for its U.S. festivals and events.
No financial details about the agreements were disclosed.
Write to Marc Navarro Gonzalez at [email protected]