The CEO and president of entertainment conglomerate Endeavor Group resigned from the board of directors at Live Nation over antitrust concerns, according to the Department of Justice. Concert promoter Live Nation, which also owns Ticketmaster, has been under DOJ scrutiny for several years for violating the terms of a 2010 settlement allowing the Ticketmaster deal to close. Endeavor CEO Ari...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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