Monday, February 16, 2009

Live Nation's Micheal Rapino fights for Merger

“We will be able to deal with all of Sam’s concerns,” Rapino said in a recent statement concerning the the comment made by Sam Shapiro of Shapiro Capital Management. Mr. Shapiro is concerned with the leadership role that Barry Diller will be taking with company. Shapiro Capital Management is Live Nation Inc.'s largest shareholder. As the chairman of Ticketmaster Barry Diller and will retain the same position in the merger. "I’m very much against going into business with Mr. Diller” because of poor returns from companies he leads" stated Shapiro in a recent interview. The merger will make Live Nation one of the largest ticket sellers worldwide causing a monopoly in ticket sales.

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