Justice Department looking into Ticketmaster/Live Nation Deal

Source:link

You already know my take on this whole thing news.yahoo.com/s/ap/20090211/ap_en_mu/live_nation_ticketmasterhere. I’m glad the Justice Dept is probing this deal.

From Yahoo:
WASHINGTON The Justice Department will investigate the proposed merger of ticketing giant Ticketmaster Entertainment Inc. with Live Nation Inc. to see if the combined company would create an unfair monopoly in the ticket-selling business.

Federal antitrust lawyers are “committed to vigorous enforcement of the merger antitrust laws and will conduct a thorough investigation of the proposed Ticketmaster/Live Nation transaction,” said Justice Department spokeswoman Gina Talamona.

The deal would match the world’s dominant ticket seller, Ticketmaster, with Live Nation, which was once it’s biggest client and is the world’s No. 1 concert promoter.

A Justice Department investigation could take months or longer, and the department has probed Ticketmaster in the past.
news.yahoo.com/s/ap/20090211/ap_en_mu/live_nation_ticketmasterYahoo