Live Nation, Ticketmaster merger approved

Deal still awaits OK from U.S. Justice Dept.

Concert promoter Live Nation Inc. and ticket-selling company Ticketmaster Entertainment Inc. say shareholders have approved the two companies’ merger, although the deal still awaits approval by U.S. antitrust authorities.

Live Nation said Friday that more than 99% of its shares were voted in favor of the deal. A Ticketmaster spokesman said separately that its shareholders also approved the deal, with more than 98% of its shares voted in favor.

Both companies are awaiting a ruling by the U.S. Justice Department on whether the merger would hurt competition.

Last month, the U.K.’s Competition Commission gave the merger its blessing, reversing a previous decision.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0


    Leave a Reply

    No Comments

    Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

    Fill in your details below or click an icon to log in: Logo

    You are commenting using your account. Log Out / Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out / Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out / Change )

    Google+ photo

    You are commenting using your Google+ account. Log Out / Change )

    Connecting to %s

    More Music News from Variety