Justice Dept. Seeks More Info on Live Nation-Ticketmaster Deal

Authored by Mark Hefflinger on March 20, 2009 - 7:18am.
Los Angeles - Concert promotion giant Live Nation (NYSE: LYV) and Ticketmaster Entertainment (NASD: TKTM) announced on Friday that they have each received an "expected" second request from the U.S. Justice Department, for additional information regarding their proposed $2.5 billion merger.

 

The two companies announced their intent to merge on Feb. 10, and stated today that they still expect the deal to close before year's end.

The proposed merger has already been the subject of regulatory hearings in both houses of Congress.

 

Related Links:
http://snipurl.com/e800o

http://snipurl.com/e7zyb (AP)

http://snipurl.com/e803b (DMW previous coverage)

http://www.livenation.com

http://www.ticketmaster.com

Comments

Hopefully they listen to

Hopefully they listen to more than just the Live Nation Ticketmaster side of the story, or the public will surely pay in the end

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