Live Nation sells Supercross with motor sports division

No surprise here as Live Nation has sold off its entire motorsports division to Feld Entertainment in a deal valued at $205 million. The sale is the latest step in Live Nation's current corporate gin rummy hand — the predictable, cyclical business of first acquiring unrelated businesses to "leverage synergy for increased profits and growth" and then, a few years later, selling them off to "release pent up value for increased profits and growth." Funny, that. [More...]