Ticketmaster and Live Nation Merger Approved
After months of speculation and reels of red tape, the world’s biggest live music company has been created by the combination of the two giants Ticketmaster and Live Nation have finally secured approval from the necessary legal bodies to go ahead with their merger. The company formed is now called Live Nation Entertainment, Inc., and TKTM’s stock ceased trading at close on the 25th. According to Reuters, common stock in Ticketmaster will be exchanged for 1.474 shares of stock in the new entity. This news has seen a massive jump in the share price of both companies, and will undoubtedly have a seismic effect throughout the live music world over the coming year.