Report: Live Nation Facing Legal Action For Allegedly Violating Merger Agreement

📆 14/12/2019 01:21:00
📰 Forbes

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The Department of Justice (DOJ) plans legal action against ticketing provider Live Nation for allegedly forcing venues to use subsidiary Ticketmaster, according to report by lisettevoytko

Live Nation and Ticketmaster were allowed to merge in 2010, but had to agree to multiple conditions set by the DOJ to maintain competition and keep ticket prices in check for customers.

But ticket prices have gone up, causing critics to wonder if the settlement conditions are actually working. The DOJ will reportedly ask a court to extend the settlement conditions by at least several years and prevent Live Nation from engaging in coercive behavior. Live Nation does not believe it has done anything wrong, and the company has been in talks with the DOJ without a resolution, according to

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Ticketmaster owner Live Nation falls on report of planned DOJ action for alleged merger agreement violationThe DOJ believes the company's actions violate its 2010 merger agreement when it acquired Ticketmaster, sources told the Journal. Hi, are you looking for amazing and unique You are in the right place... For order: If you are a rep/senator/potus or his/her admin you should not be allowed to invest in the stock market due to conflict of interests.
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