Law360, New York (February 11, 2009, 12:00 AM ET) -- The U.S. Department of Justice said Wednesday it would investigate the proposed merger between Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc. to create a $2.5 billion entertainment behemoth, after criticism of the newly announced deal from several U.S. senators.
The companies plan to form Live Nation Entertainment in an all-stock merger of equals, through which Ticketmaster stockholders will receive 1.384 shares of Live Nation common stock for each Ticketmaster share, according to a Tuesday announcement.
DOJ spokeswoman Gina Talamona said Wednesday that the department...
DOJ To Probe Ticketmaster-Live Nation Merger
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