Live Nation in talks to go private: report
BANGALORE (Reuters) - Live Nation Entertainment is in talks with its largest shareholder Liberty Media on taking the concert promoter and ticketing company private, the New York Post reported, citing sources familiar with the matter.
Live Nation executive chairman Irving Azoff and media mogul John Malone of Liberty Media are in early stages of discussions and one of the options under consideration is a go private transaction, the paper said.
Private equity firm Thomas H Lee Partners could provide funding for the deal, the paper added.
Live Nation and Liberty media did not immediately respond to requests seeking comment.
Live Nation, whose sales were hit during the economic downturn as many fans could not afford ticket prices of concerts, saw a rise in both concerts and ticketing revenue in its latest first-quarter results.
The company has a market value of about $1.87 billion, according to Thomson Reuters data.
(Reporting by Renju Jose in Bangalore; Editing by Hans Peters)
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.