Ticketmaster Online-Citysearch, USA Networks to Consider Deals - TheStreet

Ticketmaster Online-Citysearch

(TMCS)

said it will appoint a committee of independent directors to consider possible deals with

Ticketmaster

, a unit of

USA Networks

(USAI) - Get Report

.

Ticketmaster Online-Citysearch said both companies aim to benefit from the joint operations of their ticketing and reservation businesses. The possible deals include a merger or other transactions that could involve USA Networks getting additional common shares of Ticketmaster Online-Citysearch. USA Networks is the company's largest stockholder.

Shares of Ticketmaster Online-Citysearch were recently up $1.81, or 14.3%, to $14.44, while shares of USA Networks lost 6 cents, or 0.4%, to $17.88 in

Nasdaq

trading.