Cirque du Soleil acquires magic show company The Works Entertainment

Cirque du Soleil Entertainment Group says it has acquired The Works Entertainment and arranged a new US$120-million credit facility.

The Works Entertainment is behind magic shows like The Illusionists and Now You See Me Live.

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Its portfolio also includes cabaret-style shows, circus art shows such as Circus 1903 — The Golden Age of Circus.

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Cirque du Soleil says the financing will allow for the acquisition support the future growth of the company.

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Financial terms of the acquisition were not immediately available.

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The acquisition is the third for Cirque du Soleil in recent years.

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The company acquired the Blue Man Group in 2017 and VStar Entertainment Group last year.

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