Advocates Say DOJ Should've Tried To Undo Live Nation Deal
By Matthew Perlman (February 4, 2020, 8:15 PM EST) -- A nonprofit that advocates for vigorous antitrust enforcement told the U.S. Department of Justice on Tuesday that the agency should have tried to unwind Live Nation's 10-year-old purchase of Ticketmaster after it found the company had broken its merger settlement promises.
The American Antitrust Institute sent a letter to the Justice Department's Antitrust Division attacking its handling of allegations that Live Nation bullied concert venues and therefore violated commitments it made to win clearance for its $2.5 billion merger with Ticketmaster. The DOJ modified its agreement with the company last month to clarify what type of conduct is prohibited and to...
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