Live Nation Artists, a subsidiary of the live event production/promotion company Live Nation, has agreed to acquire Signatures Network, a global music merchandise corporation that holds merchandising licenses for some 150 artists, including the Beatles, U2, the Grateful Dead and Bruce Springsteen. Live Nation’s Artist division, which was formed earlier this year, hopes the relationship will continue to bolster their position in the always active area of merchandising and will see Signatures’ CEO, Dell Furano, taking the reins as head of the new enterprise. The acquisition was valued at $79 million, a number that includes cash, stock and repayment of debt that Signatures has outstanding.

- CMJ

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