Live Nation has completed its acquisition of US based concerts company, C3 Presents.

Rumours of the deal first surfaced in October. Live Nation is said to have bought a 51% stake in C3 Presents for a reported $125 million.

It provides Live Nation "with the world's largest festival platform," according to Michael Rapino, president and chief executive officer of Live Nation Entertainment.

Founded in 2007 by Charles Attal, Charlie Jones and Charlie Walker, C3's portfolio includes Lollapalooza, Austin City Limits, ...