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Live Nation + Ticketmaster: "Greater Access, Transparency and Choice"

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source: Digital Music News

Live Nation and Ticketmaster released official details of their definitive merger agreement on Tuesday morning, a pact that could have serious implications for the music industry. In the blue-sky announcement, the parties noted that the merger would "improve live event attendance, supporting venues and a healthier industry," while also ensuring "greater access, transparency, and choice" for concertgoers worldwide.


As the expected, the combined group will be called Live Nation Entertainment, a namesake potentially designed to shed baggage associated with Ticketmaster. The parties pointed to an all-stock transaction valued at roughly $2.5 billion, and operational savings of $40 million. In terms of deal mechanics, Ticketmaster (TKTM) shareholders will receive 1.384 shares of Live Nation (LYV) stock, and both camps will carry a 50-percent stake in the combined company.


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