SFX Entertainment Inc. (SFXE) announced Monday that it has acquired 100 percent ownership of ID&T, a producer of dance music festivals and events worldwide. Previously, SFX had announced intentions to buy a 75 percent interest in ID&T.
The deal also follows a previously established joint venture between SFX and ID&T, to bring ID&T events to North America.
Total consideration paid for ID&T and the ID&T joint venture was approximately $130 million, including about $30.4 million in shares of SFX common stock. The closing took place on October 18.
Based in Amsterdam, ID&T has produced events in Europe and around the world for more than 20 years, including 68 festivals and events worldwide in 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.