DOJ approves Ticketmaster/Live Nation merger with conditions | Practical Law

DOJ approves Ticketmaster/Live Nation merger with conditions | Practical Law

On 25 January 2010, the US Department of Justice (DOJ) announced that it will require Ticketmaster Entertainment Inc. (Ticketmaster) to license its ticketing software and divest ticketing assets to two different buyers, as well as agree to anti-retaliation provisions as a condition to approving Ticketmaster's acquisition of Live Nation Inc. (Live Nation). The announcement came on the same day the DOJ filed a complaint challenging the proposed acquisition in Federal Court. The DOJ also filed a proposed consent decree, which if approved by the Court would resolve its competitive concerns.

DOJ approves Ticketmaster/Live Nation merger with conditions

Practical Law UK Legal Update 2-501-3464 (Approx. 3 pages)

DOJ approves Ticketmaster/Live Nation merger with conditions

by Practical Law
Law stated as at 25 Jan 2010USA (National/Federal)
On 25 January 2010, the US Department of Justice (DOJ) announced that it will require Ticketmaster Entertainment Inc. (Ticketmaster) to license its ticketing software and divest ticketing assets to two different buyers, as well as agree to anti-retaliation provisions as a condition to approving Ticketmaster's acquisition of Live Nation Inc. (Live Nation). The announcement came on the same day the DOJ filed a complaint challenging the proposed acquisition in Federal Court. The DOJ also filed a proposed consent decree, which if approved by the Court would resolve its competitive concerns.