Live Nation Entertainment (LNE) has raised another $500 million from private lenders in order to pay off more expenses borrowing and leaving the company with a war chest for further possible acquisitions. Around $220m will be used to redeem debt that is incurring higher interest, leaving LNE, after related costs, with in excess of $260m for potential investments and takeovers. Live Nation's Ticketmaster has announced it is acquiring Eventjoy, a provider of mobile ticketing and marketing tools to event organisers.And in the USA, SFX Entertainment reported second quarter financial results for the three months ending 30 June with revenue at $82 million compared with $27.4 million in 2013 for the same period last year. However, net loss was $43.7m up from $24.9m in the preceding year's quarter, while long term debt almost tripled to $220.5m from $74.7m the preceding year.
http://www.audience.uk.com/world_news.php
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