U2 Take Stock In Live Nation Deal

(Billboard) U2 will receive an estimated $19 million worth of Live Nation shares as part of a 12-year deal the rock band signed with the concert promotion company earlier this year.

Los Angeles-based Live Nation yesterday (Oct. 16) registered 1.56 million shares to U2 in a regulatory filing with the Securities and Exchange Commission.

The agreement between U2 and Live Nation, announced in March, includes worldwide touring, merchandising, and the band's U2.com Web site. - more on this story

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