According to the New York Times, Live Nation is negotiating a deal valued at more than $30 million that would bring Principle Management, headed by longtime U2 manager Paul McGuinness, and Maverick, run by Madonna’s longtime partner Guy Oseary, under one roof.
If a deal is concluded, Oseary would take over day to day management of U2. McGuinness and Oseary are two of the most prominent manager/executive figures in the music biz.
Live Nation has been a touring and promotion partner for both U2 and Madonna in recent years.
(Pictured: Madonna and Guy Oseary)