Friday 8 July 2011

Will Live Nation go private?

Following last month that Live Nation chief Irving Azoff was talking to one of the firm's biggest shareholders, John Malone, about taking the company into private ownership, Malone has confirmed that he thinks such a move would be a sensible one, though raising the cash to make it happen might be difficult. Reuters quotes Malone saying : "There are arguments that it would be better as a private company. It would probably be nice for that company to be private for a period of time to settle down and consolidate operations".

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