Live Nation today said it expects the acquisition of the company by Ticketmaster to close in the first quarter of next year. Meanwhile, both companies today posted solid results for the third quarter.
There are growing signs of tension between some of the players behind the $2 billion deal to sell eBay’s Skype to a group of investors.
On Friday, Joost, the U.K. Internet video company, said that by shareholder vote it had removed Michelangelo Volpi from its board of directors and from his position as chairman of the company. Volpi, a former high-level Cisco executive, stepped down from Joost’s CEO position in July, and is now a general partner at investment firm Index Ventures.
For people who hope the openness and flexibility of the Internet will come to mainstream television, the deal announced yesterday between Comcast and Time Warner is great news. They just don’t see yet how it blows apart the tight bond between cable content and cable delivery.
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