Live Nation is on the verge of completing deals to acquire Paul McGuinness’s Principle Management and Guy Oseary’s Maverick.

That's according to the New York Times, which reports that the double swoop would cost the live giant around $30m.

McGuinness, 64, has managed U2 since the band begun, while Oseary’s Maverick is the long-term management house for Madonna.

According to the Times, the Live Nation double acquisition would see Oseary take over the day-to-day management of U2 while McGuinness ...