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Rapper Jay-Z in Live Nation deal

May 02, 2008|From Times Wire Services

Live Nation Inc. signed a 10-year agreement with rapper Jay-Z that includes live shows, recordings and millions of dollars that the performer can invest in new businesses.

Jay-Z, whose given name is Shawn Carter, received options to buy 500,000 shares of Live Nation stock at $13.73 each, the Beverly Hills concert promoter disclosed in a regulatory filing. Additional financial terms are not being released, the company said.

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