Live Nation, an American entertainment company, has acquired the Plenitude Arena in Nanterre, marking its first venue in France. The acquisition was completed without the approval of the French Competition Authority, due to a change in legislation that took effect in September. The deal was struck with Ovalto, a holding company owned by businessman Jacky Lorenzetti, who is the founder and owner of the venue located west of Paris. Inaugurated in 2017 in Nanterre (Hauts-de-Seine), the venue changed its name in July from Paris La Défense Arena to Plenitude Arena after forming a new partnership with the Italian energy group ENI. The arena has a maximum capacity of 45,000 seats and has hosted major events such as concerts by the Rolling Stones, Kendrick Lamar, and Taylor Swift, as well as sporting events like rugby matches for Racing 92 and swimming and water polo events at the Paris 2024 Games. Céline Dion is currently performing there in a residency as part of her grand return to the world stage. Live Nation announced in a press release that it plans to invest in the venue to improve the experience for both the public and artists, modernize its equipment, increase the number of available dates, and enhance its appeal to French and international artists and event organizers. The company is also known for its ticketing subsidiary, Ticketmaster, and for organizing the Main Square Festival in Arras. It stated that the venue will "continue to welcome all event organizers and producers." The Plenitude Arena has become a major event space in the Paris region, hosting a wide range of performances and sporting events. Its acquisition by Live Nation signifies a significant expansion for the American company into the French market. The company's move comes at a time when the entertainment industry is increasingly global, with major venues playing a central role in attracting international talent and audiences. The French Competition Authority has expressed that it will remain "vigilant about the consequences of this operation on the concerned markets." This indicates that while the acquisition was allowed under the new legislation, the authority is monitoring the potential effects on competition and market dynamics in the French entertainment sector. The situation highlights the ongoing balance between facilitating international business expansion and ensuring fair competition within local markets.