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U.K. Competition Commssion

U.K. Regulators Oppose Ticketmaster-Live Nation Merger

Authored by Mark Hefflinger on October 8, 2009 - 9:15am.
London - The U.K. Competition Commission has come out in opposition to the proposed $1.5 billion merger of concert promotion giant Live Nation (NYSE: LYV) and Ticketmaster (NASD: TKTM), saying it would hamper competition in the U.K. market and lead to higher prices. Specifically, the Commission said in its preliminary report that the deal would "severely inhibit" the ability of Germany-based rival CTS Eventim to enter the U.K. market.
tags: Deals | Music | Live Nation | Ticketmaster | Acqusitions | Ticketing | U.K. Competition Commssion | CTS Eventim |