Liberty Media Increases Ownership Share Of Live Nation
February 9, 2011 at 6:17 AM (PT)
LIVE NATION ENTERTAINMENT "is looking at possible acquisitions with JOHN MALONE's LIBERTY MEDIA CORP., its largest shareholder, and is considering ways the companies can work together," reports BLOOMBERG NEWS.
"We’re on the prowl together," LIVE NATION Chairman IRVING AZOFF said.
YESTERDAY (2/8), LIBERTY MEDIA agreed to buy 5.5 million shares of LIVE NATION for $57.7 million, which will bring its stake to 20%.