U2 is about to cash in on an amazing deal! They have landed 1.56 million shares from their concert promoters Live Nation.
The move is worth over $18 million, and comes seven months after U2 announced a 12year deal with Live Nation, handing over merchandising, branding, touring and other rights to the concert promoter.
The value of the shares is estimated at 2.1 per cent, according to filings made with the Securities and Exchange Commission.
U2 is one of five artists that Live Nation has signed in the last year - Jay-Z and Madonna have also received shares.
Live Nation's most recent additions, Shakira and Nickelback, have missed out on the share hand out.
The move is worth over $18 million, and comes seven months after U2 announced a 12year deal with Live Nation, handing over merchandising, branding, touring and other rights to the concert promoter.
The value of the shares is estimated at 2.1 per cent, according to filings made with the Securities and Exchange Commission.
U2 is one of five artists that Live Nation has signed in the last year - Jay-Z and Madonna have also received shares.
Live Nation's most recent additions, Shakira and Nickelback, have missed out on the share hand out.
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