Live Nation and Ticketmaster tie the knot

The two companies revealed the news - which had long been speculated - in a statement today.

The combined company will be called Live Nation Entertainment and will combine Live Nation's concert promotions knowledge with Ticketmaster's ticketing expertise.

The synergies and elimination of back office function are expected to save around $40m (?27.4m) a year.

The combined company will be led by Barry Diller as chairman of the board, Michael Rapino as CEO and president of Live Nation Entertainment and ...

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