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Ticketmaster Buys Stake in China Firm(AP)5/25/2007 IAC/InteractiveCorp, the digital media conglomerate run by Barry Diller, said Thursday its Ticketmaster unit bought a majority stake in a Chinese ticketing-services firm, marking the company's third investment in the burgeoning Asian market in the last year. Ticketmaster, the largest ticket broker in the world, did not disclose the size of its investment in Emma Entertainment Holdings HK Ltd. The company said Emma has established more than 30 exclusive ticketing venue contracts in five major Chinese cities in just three years of operation."The investment in Emma Entertainment reflects Ticketmaster's continued commitment to fostering the growth of live events in the People's Republic of China," the company said in a statement. Emma Entertainment will change its name to Emma Ticketmaster, and continue to be led by Chief Executive Jonathan Krane. In October, Ticketmaster formed a joint venture called Beijing Gehua Ticketmaster Ticketing Co. to provide exclusive ticketing services for the 2008 Summer Olympics in Beijing. The company also signed an investment deal with Broadway China Network in April. Ticketmaster shares fell 42 cents to $34.30 in afternoon trading
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