TITLE

Ticketmaster's Ticket to Ride: $750M

AUTHOR(S)
Schachter, Ken
PUB. DATE
June 2008
SOURCE
Red Herring;6/24/2008, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on need for Ticketmaster to pay $750 million dividend to exit Barry Diller's IAC/InterActiveCorp conglomerate. According to Tom McInerney, chief executive officer (CEO) of IAC, Ticketmaster will issue about $750 million in new debt to IAC in advance of the spinoff. In related news, Ticketmaster will sell tickets for the summer 2008 Beijing Olympic games, and is encouraging celebrities like Avril Lavigne and Lincoln Park to add concert date in the Far East.
ACCESSION #
36826881

 

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