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Bill Pascrell

Congressman Urges Antitrust Veto of Live Nation-Ticketmaster

Authored by Mark Hefflinger on July 10, 2009 - 11:10am.
Washington - Rep. Bill Pascrell (D-N.J.) asked his fellow Congressmen to join him in urging the Justice Department's antitrust division to block the proposed $1.5 billion merger of live event giants Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM), saying it will lead to higher ticket prices for consumers, Wired.com reported. "This merger violates both horizontal and vertical anti-trust principles, and will undoubtedly lead to higher ticket prices for the average fan," wrote Pascrell.
tags: Deals | Music | Acquisitions | Live Nation | DOJ | Ticketmaster | Ticketing | Bill Pascrell | Christine Varney |