DOJ, State AGs OK $2.5B Ticketmaster-Live Nation Deal

Law360, New York (January 25, 2010, 4:52 PM EST) -- The U.S. Department of Justice and 17 state attorneys general have given the green light to the approximately $2.5 billion merger of Ticketmaster Entertainment Inc. and concert promoter Live Nation Inc., in a deal that calls for the divestiture of ticketing assets and licensing of ticketing software.

The states and the DOJ filed the proposed settlement Monday in the U.S. District Court for the District of Columbia, alongside a complaint alleging the transaction would have lessened competition for ticketing, resulting in higher prices and less innovation...
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