Jay-Z And Live Nation Close $150 Million

According to Billboard:

Live Nation closed the Jay-Z 360-degree deal Wednesday night (April 30), sources say.

The company yesterday (May 1) filed a Form-8K with the SEC which states that the artist is getting 750,000 Live Nation shares, plus an option on an additional 500,000 with the exercise price of $13.73. The shares go to Marcy Media, the company affiliated with Jay-Z (born Shawn Carter), in connection with the formation of Roc Nation LLC, a joint entertainment venture between Live Nation and Jay-Z.