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LiveNation Sells SFX Baseball Division

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From Bloomberg News

Beverly Hills-based concert promoter Live Nation Inc. sold its baseball division to focus on tours and venues.

The sale of SFX Baseball, based in Northbrook, Ill., to a company formed by the unit’s management means Live Nation’s divestiture of all its sports agencies is “nearly complete,” Live Nation Chief Executive Michael Rapino said. Terms were not disclosed.

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