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Live Nation and Ticketmaster talk to DoJ about merger concessions
By CMU Editorial | Published on Monday 19 October 2009
Live Nation and Ticketmaster are reportedly in talks with US regulators regarding possible concessions they would consider to win approval for their proposals to merge. As previously reported, the UK Competition Commission has already raised concerns regarding the merger plans, and it’s thought their US counterparts will follow suit.
With that in mind the two live music congloms have reportedly starting talking to officials at the US Department Of Justice about ways they can overcome “serious competitive concerns”. This might include selling off some of Ticketmaster’s ticketing outfits, especially TicketsNow, the ticket resale website the ticketing giant acquired, with controversial results.
Insiders say that talks between the two firms and the DoJ have been positive, and both Live Nation and Ticketmaster bosses reckon a merger will still go ahead, without so many concessions that the benefits of the deal would be lost.
