[WaTunes] – Live Nation May Sell Venues To AEG
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Live Nation has signaled that they may be willing to sell a portion of their venues at favorable terms to their chief rival, AEG Live in a bid to get the Justice Department to sign off on their proposed merger with Ticketmaster.
While the sale of Live Nation's venues to their chief rival may seem like an unusual move, it may serve two purposes; offering a concession to help convince federal regulators at the Justice Department to approve the merger and to induce AEG to back off on their heretofore vocal opposition of the deal.
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