The Jay-Z / Live Nation deal is official.
LN filed a Form 8-K April 29th, issuing 775,434 shares to Marcy Media, a company affiliated with Jay-Z. Jay-Z has the option to buy another 500,000 shares.
With that regulatory filing, LN revealed it has sealed its rumored 360-deal with the hip-hop entrepreneur.
Sources told the New York Times Live Nation was in talks with Jay-Z for a rumored $150 million, 10-year deal that encompassed touring, publishing and his own entertainment venture.