Live Nation looks to swallow up SMG

In a move that will almost certainly attract regulatory attention, and would make its market share in live events even more dominant, Live Nation is reported to be among the bidders for venue management giant SMG. SMG, which has the world’s largest venue portfolio of some 500 arenas, stadia, theatres, amphitheatres and convention centres across North America, Europe and Asia (according to IQ-Mag.net) was put on the market by its current owner Northlane Capital Partners, and is expected to fetch somewhere in the neighbourhood of $750 million.