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Article: Ticketmaster merger scrutinized
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- October 9, 2009
- Author:
CopyrightCopyright 2009 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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LOS ANGELES - Regulators in the United Kingdom and United
States appear likely to impose conditions on the merger of concert
promoter Live Nation Inc. and ticket-selling giant Ticketmaster
Entertainment Inc. now that British authorities came out against the
deal yesterday.
The UK Competition Commission said that combining Ticketmaster
and Live Nation "could severely inhibit the entry of a major new
competitor, CTS Eventim, into the UK ticketing market." The British
regulators have until Nov. 24 to determine what actions to take.
Antitrust experts said the ruling makes it more likely that UK
and US authorities will coordinate a response. That could mean
Ticketmaster and Live Nation will ...