US conditionally OKs Ticketmaster, Live Nation deal

WASHINGTON Mon Jan 25, 2010 2:26pm EST

WASHINGTON Jan 25 (Reuters) - Ticketing giant Ticketmaster Entertainment TKTM.O and concert promoter Live Nation (LYV.N) won U.S. antitrust approval to merge on the condition that Ticketmaster divests certain assets and license its primary ticketing software, the Justice Department said on Monday.

Under the proposed settlement, Ticketmaster must sell its Paciolan ticketing unit to Comcast-Spectacor which has already signed a letter of intent, or to another company approved by the Justice Department, the agency said.

Additionally, the merged company would be barred from retaliating against any venue owner that uses another company's ticketing or promotional services and must license its primary ticketing software to Anschutz Entertainment Group, the Justice Department said.

(Reporting by Jeremy Pelofsky; Editing by Richard Chang)

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Comments (1)
This type of merger really affects the small businesses trying to get a foot in the ticketing market. We need to support fair ticket sales and management solutions like HoldMyTicket.com!

Jan 26, 2010 8:08pm EST  --  Report as abuse
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