WASHINGTON Jan 25 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
(Reporting by Jeremy Pelofsky; Editing by Richard Chang)