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.
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