Feb 4 (Reuters) - Live Nation Entertainment ( LYV ) said

late on Tuesday it had agreed to buy Italy-based venue operator

ForumNet from holding firm Bastogi, ‌strengthening its

presence in Italy's live entertainment market.

Bastogi said ​the deal valued ForumNet at an ‍enterprise value

of 90 million euros ($106 ⁠million), ⁠with the final price to be

adjusted at closing. ‌The theoretical equity value ​would be about

103 million euros, following a positive net adjustment ⁠of around

13 million ‍euros, ​it added.

The transaction is expected to be completed in April,

subject to customary ‍closing conditions, Live Nation said.

The deal centres on Milan's Unipol Forum, a major indoor

arena hosting concerts, sports events and congresses. The venue

will ​also ‍stage figure and short track speed skating during the

2026 Winter Olympics.

"These ​venues have been at the heart of Milan's cultural

life for decades. Partnering with Live Nation ensures they will

continue to thrive, welcoming fans and artists from both ​Italy

and around the world for years to come," Bastogi Group President

Marco Cabassi said.

($1 = 0.8466 euros)