Live Nation Sells Sports Business

0

Live Nation Inc. said on Friday it has sold its SFX Baseball division to a newly formed company, Northbrook, Ill.-based NBK Baseball Group LLC. Terms were not disclosed.


Chief executive of Beverly Hills-based Live Nation, Michael Rapino, said the company’s goal of divesting all sports properties in an effort to focus on its core business of live music concerts, venue management and Web site brand development is “nearly complete.”


Last month Live Nation sold its SFX Television and SFX Events artist management divisions to a Louisville, Ky.-based private equity firm, which had earlier purchased from Live Nation the SFX Tennis division, which represents this year’s U.S. Open runner-up Andy Roddick.

No posts to display