èßäÉçÇø

ENGLEWOOD, Colo., Jan. 26 /PRNewswire-FirstCall/ -- èßäÉçÇø ("èßäÉçÇø") today announced its intention to commence a partial tender offer to purchase up to 34,500,000 shares of the common stock (NYSE: LYV) of Live Nation Entertainment, Inc. ("Live Nation") (including the associated share purchase rights), at a cash purchase price of $12 per share.  èßäÉçÇø, through its subsidiaries, currently owns approximately 14.6% of the outstanding shares of Live Nation common stock based on publicly available stock information. èßäÉçÇø acquired its Live Nation shares in exchange for its Ticketmaster Entertainment holdings in the Ticketmaster-Live Nation merger that closed yesterday.

The offer price represents approximately a 14.2% premium over the closing sale price on January 25, 2010 of $10.51.  If the tender offer is fully subscribed and completed, èßäÉçÇø would own approximately 34.9% of the outstanding shares of Live Nation common stock.  èßäÉçÇø is a party to a stockholder agreement with Live Nation that permits èßäÉçÇø to acquire up to 35% of the outstanding shares of Live Nation.

èßäÉçÇø's purchase of Live Nation common stock in the tender offer will be for investment purposes.  èßäÉçÇø will attribute any shares it purchases in the tender offer to its èßäÉçÇø Capital group.  The Live Nation shares currently owned by èßäÉçÇø are attributed to its èßäÉçÇø Interactive group.

The terms and conditions of the tender offer will be described in an offer to purchase and related letter of transmittal that will be mailed to Live Nation stockholders when èßäÉçÇø commences its tender offer, which is expected to occur within five business days. The tender offer will be subject to customary conditions, including receipt of any required governmental approvals.  The tender offer will not be subject to a financing condition.

This press release is neither an offer to purchase nor a solicitation of an offer to sell shares of Live Nation.  As soon as èßäÉçÇø commences the tender offer, it will file a tender offer statement, including an offer to purchase, with the U.S. Securities and Exchange Commission.  èßäÉçÇø will cause copies of the offer documents to be mailed to Live Nation's stockholders. Live Nation stockholders should read the tender offer documents carefully when they are available because they will contain important information that shareholders should consider before deciding whether to tender their shares. Once filed, the tender offer statement and other filed documents will be available for free at the SEC's web site (). Copies of these documents