Liberty Media Buys a Chunk Of LYV
Liberty 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.
0 Comments
You can be the first one to leave a comment.