U.S. Justice Dept. Seeking Ticketmaster Live Nation Merger Concessions
Ticketmaster and Live Nation are hoping to complete the merger on by February 10th and while anti-trust regulators in the UK have signed off on the deal, a decision from DoJ isn't expected before January 8th at the earliest.
Justice Department sources close to the matter told Bloomberg that the negotiations haven't exactly been smooth sailing and talks between LN/TM and Justice nearly broke down at one point. Persons familiar with the discussions noted to Bloomberg that the two companies have yet to allay DoJ concerns that the proposed merger would negatively impact competition in the live entertainment sector.
Among the possible concessions being considered were licensing their ticketing software to competing promoters such as AEG Live. Other possibilities include the sale of ticketing contracts to Global Spectrum, Bloomberg said.
Live Nation and Ticketmaster are also reportedly readying their legal teams in the event that the matter goes to court. - CelebrityAccess MediaWire