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Report: Live Nation Purchases House Of Blues Operator
July 5, 2006 at 8:26 AM (PT)
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CLEAR CHANNEL concert promotion off-shoot LIVE NATION has agreed to acquire HOUSE OF BLUES operator HOB ENTERTAINMENT INC. for $350 million in cash, reports the AP. HOB runs 10 HOUSE OF BLUES branded venues in major metropolitan areas such as L.A., CHICAGO, and LAS VEGAS. LIVE NATION, which owns, operates and has booking rights to approximately 150 venues in the U.S. and abroad and produces concerts, touring Broadway shows and sports events, expects the deal to close by the end of 2006 and to boost earnings within the first year.

