Live Nation Stockholders Approve Merger With Ticketmaster
08 Janeiro 2010 - 7:10PM
PR Newswire (US)
LOS ANGELES, Jan. 8 /PRNewswire-FirstCall/ -- Live Nation, Inc.
(NYSE: LYV) announced today that its stockholders, at its annual
meeting held earlier today, voted to approve the issuance of Live
Nation common stock in connection with its previously announced
merger with Ticketmaster Entertainment, Inc. (NASDAQ:TKTM). Over
99% of the shares voted were cast in favor of the merger. The
company's stockholders also approved all other proposals submitted
to a vote, including a proposal to change the company's name to
"Live Nation Entertainment, Inc." following the completion of the
merger. The transaction remains subject to the receipt of
regulatory approvals and the satisfaction or waiver of other
customary closing conditions. ABOUT LIVE NATION Live Nation's
mission is to maximize the live concert experience. Our core
business is producing, marketing and selling live concerts for
artists via our global concert pipe. Live Nation is the largest
producer of live concerts in the world, annually producing over
22,000 concerts for 1,600 artists in 33 countries. During 2008, the
company sold over 50 million concert tickets and drove over 70
million unique visitors to LiveNation.com. Live Nation is
transforming the concert business by expanding its concert platform
into ticketing and building the industry's first artist-to-fan
vertically integrated concert platform. The company is
headquartered in Los Angeles, California and is listed on the New
York Stock Exchange, trading under the symbol LYV. For additional
information about the company, please visit
http://www.livenation.com/investors. DATASOURCE: Live Nation
CONTACT: Media, John Vlautin, or Investors, Linda Bandov, both of
Live Nation, Inc., +1-310-867-7000 Web Site:
http://www.livenation.com/
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