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Live Nation, Ticketmaster Cleared to Merge
Date: Monday, January 25, 2010 @ 15:24:27 UTC

Ticketmaster Entertainment and Live Nation won U.S. antitrust clearance to merge after agreeing to divest certain assets, sending the shares of both companies sharply higher. The U.S. Justice Department said it was requiring Ticketmaster to license its primary ticketing software to a competitor, sell off one ticketing unit, and agree to terms that bar it from retaliating against venue owners who decide to use a competing ticket service. The deal is expected to close in a few days to create a new company called Live Nation Entertainment which would own more than 140 concert venues globally, sell around 140 million tickets a year and promote 22,000 concerts annually. Complete Article







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