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Tuesday, February 10, 2009 | 10:58am
WE TOLD YOU SO: Ticketmaster and Live Nation Announce $2.5 Billion Merger
Merger creates the new $2.5 Bill Live Nation Entertainment
Last week we told you that our sources were indicating that Ticketmaster and Live Nation were behind closed doors finalizing a deal to create a new live entertainment company. Today the merger has been completed. The $2.5 billion merger will involve a tax-free, all-stock deal with shareholders of each company holding a 50% stake in the new entity which will be named Live Nation Entertainment. Ticketmaster’s chairman, Barry Diller will lead the new corporation.
FOR WALL STREET HEADS: Under the agreement, Ticketmaster shareholders will receive 1.384 shares of Live Nation common stock for each share of Ticketmaster.
Looks like my stock was positioned in the right place.
Well does it really do anything for you? I’m sure in the short term it will as people will jump aboard but its like a stock split no? I’m not a wall street guy by any stretch.
Anyone who currently owns stock in ticketmaster gets 1.3 stock for every one stock they owned before.
Yes but isn’t the stock worth less because your ownership in the new company is 50% less equitable than it was in the old?
I’m considering that I owned IAC stock before they Ticket Master was split from the company. I’m actually happy that I now have a good amount of spread in terms of spin-offs rather than me having to purchase additional.
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This is all apart of a long term plan. I’m not looking for some short term fortune to come of this.
Yeah I have some stock options from my old job dating from the Viacom split with CBS. Everyone told me it was a good thing. ahhhh I’m waiting. I wish I understood the stock market better.
I’m hoping you have a financial advisor.
They’re not bad. No biggie.
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