Live Nation Entertainment's president and CEO Michael Rapino is presenting during Liberty Media Corporation's 2012 Investor Meeting on October 10th. Rumors of a buyout by Liberty Media have been swirling around Live Nation for months.
Liberty Media, helmed by John Malone, has been expanding its holdings in Live Nation stock and is now the largest shareholder, with 25.6% of the company's outstanding stock.
Liberty has also been freeing up cash, including the spin-off in August of the Starz television network, which may indicate that the company is positioning itself for a buyout.
Live Nation's board of directors includes a number of Liberty Media execs, including senior vice president Mark Carleton and Liberty Media CEO Greg Maffei. John Malone served as a transitional chairman for Live Nation until being replaced by Irving Azoff in February 2011. - CelebrityAccess Staff Writers