Live Nation and PPF Group are forming a joint venture that will operate three of Prague’s major event venues — O2 Arena, O2 Universum and Forum Karlín. The agreement will bring together one of the world’s largest live entertainment companies and PPF, the investment group that owns O2 Arena and O2 Universum through its subsidiary Bestsport. PPF said the cooperation with Live Nation is also part of its strategy of developing the long-term value of its assets alongside major international companies. Live Nation Entertainment operates across several areas of the live entertainment industry, including concert promotion, ticketing and sponsorship. Its businesses include Live Nation Concerts, Ticketmaster and Live Nation Sponsorship.