Live Nation Stocks Take a Hit Following Reports of Pending DOJ Action

  • 📰 billboard
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Live Nation shares closed down 7.3% on Dec. 13 following news of a pending Department of Justice legal action

over allegations the company has unfairly used its concert promotion business to pressure venues to use Ticketmaster, a wholly owned subsidiary of Live Nation. Shares closed at $64.34, down $5.09 on the day. The news was first reported by theNumerous tremors preceded the DOJ’s decision to charge Live Nation, the world’s largest concert promoter, for allegedly using its concert promotion business to pressure concert venues to be customers of its Ticketmaster division.

As the DOJ goes, so go stock prices. Delrahim’s statement in August sent Live Nation’s otherwise rising share price down 5.8% -- though it had fully recovered by Oct. 7. And even with the Dec. 13 decline, Live Nation shares have increased 30.6% this year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 112. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The DOJ should really excuse themselves from any more Trump related director's issues. Its unfairly ran as is the FBI the CIA and any other government ran establishment than is owned by the people. A president does what's right for the people not for self promotion or gain.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: CNBC - 🏆 12. / 72 Read more »

Report: Live Nation Facing Legal Action For Allegedly Violating Merger AgreementThe 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 lisettevoytko FINALLLLLYYYYY lisettevoytko Hey PearlJam wanna take this one?
Source: Forbes - 🏆 394. / 53 Read more »