We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

DOJ To Probe Ticketmaster-Live Nation Merger

Law360 (February 11, 2009, 12:00 AM EST) -- 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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.