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NEW YORK NBC and MTV have formed a venture to jointly operate and expand the Action Sports Tour, a series of extreme events that features competitions in skateboarding, BMX and freestyle motocross and, later this year, snowboarding and other winter sports.
NBC, which had been the sole owner of the tour, sold a nearly 50 percent interest to MTV for an undisclosed sum. NBC bought out its previous partner, Live Nation (which held a 45 percent stake, for an estimated $20 million last year.
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