Liberty gets US OK for Live Nation share boost

* Liberty media had offered to up stake in Live Nation

* Live Nation had asked shareholder to defer action

WASHINGTON, Feb 1 (BestGrowthStock) – Media mogul John Malone’s
Liberty Media Corp (LINTA.O: ) (LSTZA.O: ) (LCAPA.O: ) has won U.S.
antitrust approval to increase its stake in Live Nation
Entertainment Inc (LYV.N: ), the Federal Trade Commission said on
Monday.

The commission put the deal on a list of approved
transactions that it issues several times a week.

Liberty Media started a tender offer on Monday for up to
34.2 million Live Nation shares at $12.00 each.

Liberty, which announced its plans for the offer last week,
said it already owns about 14.6 percent of Live Nation shares
and if its tender were fully subscribed, its ownership would
increase to about 34.9 percent.

Liberty said it already has an agreement in place that
permits it to buy up to 35 percent of the outstanding shares of
Live Nation.

Live Nation has appeared cool to Liberty’s overtures,
asking its stockholders last week to defer action on Liberty’s
offer.

Live Nation completed an $870-million acquisition of
Ticketmaster last week.

Stock Market Trading
(Reporting by Diane Bartz, editing by Gerald E. McCormick)

Liberty gets US OK for Live Nation share boost