On the same day that the Department of Justice announced it would approve a merger between Ticketmaster Entertainment and Live Nation; the companies announced that they are now married. Ticketmaster stock will stop trading today, Jan. 25 proof that its lonely days are over. The two companies “announced they have completed their merger following the receipt of regulatory clearances and approvals from all government authorities.” The bride wore a gown of service charges and a lavish reception was held in a venue with numerous surcharges and fees. The dinner was served on the backs of music fans and no seats were provided as those were being held offsite for potential dignitaries. Ticketmaster stockholders will receive approximately 1.474 shares of Live Nation common stock for each share of TM common stock they own. The rest of us get the shaft. The merged entity is now officially Live Nation Entertainment, with stock ticker LYV.
Ticketmaster-Live Nation Merge by Helen Bach
By
Soho Johnny
/ January 26, 2010