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The largest shareholder in Live Nation(LYV Quote) may oppose the company's proposed merger with Ticketmaster(TKTM Quote) if Barry Diller has a leadership role in the new company, Bloomberg reports.
Sam Shapiro, chairman of Shapiro Capital Management, told Bloomberg he's against going into business with Diller because of the poor returns from companies Diller leads. Shapiro Capital owns a 15% stake in Live Nation.
Diller serves as Ticketmaster's chairman and would hold that title at the new company, Live Nation Entertainment. If Diller accepts a diminished role, Shapiro said he may support the deal, according to the report. ...
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