Live Nation has setback

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Posted by chicagomedia.org on October 08, 2009 at 19:11:45:

The proposed merger of concert promoter Live Nation Inc. and ticket-selling giant Ticketmaster Entertainment Inc. suffered a blow when British regulators said they would oppose the deal because it would stifle competition.

The U.K. Competition Commission said in a provisional ruling that the merger of the companies "could severely inhibit the entry of a major new competitor, CTS Eventim, into the U.K. ticketing market." Before the merger was announced, CTS had agreed to provide ticketing services for Live Nation music events in Britain. CTS also has enabled Live Nation to run a ticketing platform, which competes with Ticketmaster, in the U.S.

The commission said it would consider possible remedies before issuing its final report by Nov. 24.

(Chicago Tribune)

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: The proposed merger of concert promoter Live Nation Inc. and ticket-selling giant Ticketmaster Entertainment Inc. suffered a blow when British regulators said they would oppose the deal because it would stifle competition. : The U.K. Competition Commission said in a provisional ruling that the merger of the companies "could severely inhibit the entry of a major new competitor, CTS Eventim, into the U.K. ticketing market." Before the merger was announced, CTS had agreed to provide ticketing services for Live Nation music events in Britain. CTS also has enabled Live Nation to run a ticketing platform, which competes with Ticketmaster, in the U.S. : The commission said it would consider possible remedies before issuing its final report by Nov. 24. : : (Chicago Tribune)

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