OFT Gives OK To Ambassador-Live Nation Theater Deal

Law360, New York (February 10, 2010, 6:34 PM EST) -- The U.K.'s competition regulator has signed off on a deal in which The Ambassador Theatre Group Ltd. agreed to pay £90 million ($140 million) to acquire 22 theater venues in the U.K. formerly owned by Live Nation Worldwide Inc.

The Office of Fair Trading announced Wednesday that it had completed a review of the deal and concluded that there is no realistic chance that it would result in higher ticket prices or reduce choice in the British theater industry.

Alastair Mordaunt, OFT director of mergers, said...
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