Liberty Media Buys a Chunk Of LYV

livenation logoLiberty Media, an investment capital fund that owns substantial stakes in companies like Sirius XM radio and Time Warner, has just put in a bid to buy $410,400,000 worth of Live Nation’s stock, at $12 per share. the offer has yet to be accepted, but it’s a proof of faith in Live Nation’s post-merger abilities, and a reasonable mark-up on the current market price of $11.49 a share. Liberty could perhaps help themselves by making a tie between Sirius and Live Nation, two companies in which they would have a holding were this bid accepted, co-promoting acts for mutual benefit, as HMV and Luminar obviously intend to do.

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