Live Nation and Ticketmaster Entertainment Complete Merger
25 Janeiro 2010 - 9:25PM
PR Newswire (US)
LOS ANGELES and WEST HOLLYWOOD, Calif., Jan. 25
/PRNewswire-FirstCall/ -- Live Nation, Inc. (NYSE:LYV) and
Ticketmaster Entertainment, Inc. ("Ticketmaster") (NASDAQ:TKTM)
today announced they have completed their merger following the
receipt of regulatory clearances and approvals from all government
authorities required by the merger agreement and the approval of
Live Nation and Ticketmaster stockholders. Subject to final
confirmation, under the terms of the transaction Ticketmaster
stockholders will receive approximately 1.474 shares of Live Nation
common stock for each share of Ticketmaster common stock they own.
As of today, the merged entity will bear the name Live Nation
Entertainment, Inc. (NYSE:LYV). Effective as of the close of
trading today, January 25, 2010, Ticketmaster common stock
(NASDAQ:TKTM) will cease trading. 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 1,500 artists in 57 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. Headquartered in Los
Angeles, California, Live Nation is listed on the New York Stock
Exchange, trading under the symbol LYV. Additional information
about the company can be found at:
http://www.livenation.com/investors. About Ticketmaster
Entertainment, Inc. Ticketmaster Entertainment consists of
Ticketmaster and Front Line Management Group. As the world's
leading live entertainment ticketing and marketing company based on
the number of tickets sold, Ticketmaster connects the world to live
entertainment. Ticketmaster operates in 20 global markets,
providing ticket sales, ticket resale services, marketing and
distribution through http://www.ticketmaster.com/, one of the
largest e-commerce sites on the Internet; approximately 7,100
retail outlets; and 17 worldwide call centers. Established in 1976,
Ticketmaster serves more than 10,000 clients worldwide across
multiple event categories, providing exclusive ticketing services
for leading arenas, stadiums, professional sports franchises and
leagues, college sports teams, performing arts venues, museums, and
theaters. In 2008, the Company sold more than 141 million tickets
valued at over $8.9 billion on behalf of its clients. Ticketmaster
Entertainment acquired a controlling interest in Front Line
Management Group in October 2008. Ticketmaster Entertainment, Inc.
is headquartered in West Hollywood, California (NASDAQ: TKTM). Live
Nation Entertainment Contacts For media: John Vlautin
+1-310-867-7127; Larry Solters +1-213-639-6169; DATASOURCE: Live
Nation, Inc.; Ticketmaster Entertainment, Inc. CONTACT: John
Vlautin, +1-310-867-7127; or Larry Solters, +1-213-639-6169; , both
for Live Nation Entertainment Web Site:
http://www.ticketmaster.com/
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