Live Nation Entertainment Inc., owner of the world’s largest ticket seller, won an arbitration ruling that removes any liability to CTS Eventim AG, a rival to its Ticketmaster unit. The shares surged the most in four years.
Hertz Global Holdings Inc. and Avis Budget Group Inc. are offering about three times the average premium for an auto- or equipment-rental business in their pursuit of Dollar Thrifty Automotive Group Inc.
Hertz Global Holdings Inc., the world’s largest car-rental company by market value, agreed to buy Dollar Thrifty Automotive Group Inc. for about $1.2 billion in cash and stock as a rebounding global economy spurs travel.
Avis Budget Group Inc. ’s $1.33 billion offer for Dollar Thrifty Automotive Group Inc. , which topped Hertz Global Holdings Inc. ’s agreement to buy the rental- car company, may signal a bidding war has begun, analysts said.