One day after the merger of Ticketmaster and Live Nation cleared antitrust review, John Malone's Liberty Media Corp. said it would purchase up to 34.5 million shares of stock in the newly formed Live Nation Entertainment Inc.
Liberty, owner of the Starz cable network, said it would increase its stake to nearly 35% through a tender offer of $12 per share.
Liberty, through subsidiaries, currently owns about 14.6% of Live Nation's stock.
Read more in the Los Angeles Times.
