Ticketmaster Buys Stake in Music Site

0

Ticketmaster said Wednesday that it has agreed to buy a 25 percent stake in iLike.com for about $13.3 million.


Ticketmaster hopes to use links to the Seattle-based music recommendation and networking site to cultivate potential ticket buyers, while iLike is hoping Ticketmaster can help its users find out about scheduled concerts, according to various reports.


Sean Moriarty, president and chief operating officer of West Hollywood-based Ticketmaster, will join iLike’s board of directors as part of the deal.

No posts to display