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Posted on January 25, 2010 | tags

 
 

Biz: The Justice Dept. finds silver lining in Ticketmaster and Live Nation

  • The merger has been approved after a yearlong investigation. This nightmare merger had been what many music fans had been fearing, but it appears the Justice Department found some common ground. “We were prepared to litigate this case, and I told the parties that,” said Justice Department antitrust representative Christine A. Varney. “The required divestitures and behavioral prohibitions alleviate our concerns.” Ticketmaster has to ditch a ticketing division and license its software to a competitor. Oh, and the boys at Justice will be watching them like a hawk for 10 years. Good idea – music fans will thank you. source
 
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