DOJ to Seek Breakup of Live Nation, Ticketmaster, Bloomberg Reports
--The Justice Department and some U.S. states are preparing to sue Live Nation Entertainment for violating antitrust law, Bloomberg reports, citing people familiar with the matter.
--The suit is expected to be filed Thursday and focus on Live Nation-owned Ticketmaster's control of concert-ticket sales, the people said, according to the report.
--The suit will seek remedies including breaking up the company, Bloomberg reports, citing the people familiar with the matter.
--The Justice Department declined to comment to Bloomberg, while Live Nation didn't immediately respond to requests for comment.
Full article at https://www.bloomberg.com/news/articles/2024-05-22/justice-department-to-seek-breakup-of-live-nation-ticketmaster
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
May 22, 2024 19:07 ET (23:07 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Q4 Stock Market Outlook: Where We See Opportunities for Investors
-
Markets Brief: Non-Farm Payrolls in the Spotlight Again
-
6 Top-Performing Large-Growth Funds
-
What’s the Difference Between the CPI and PCE Indexes?
-
10 Top-Performing Dividend Stocks of Q3 2024
-
33 Undervalued Stocks
-
Communication Services: Cable’s Broadband Dominance Isn’t as Strong as It Once Was
-
Technology: Strength Continues, With Software Presenting the Best Buying Opportunities
-
Best- and Worst-Performing Stocks of Q3 2024
-
Top Stocks to Own From the Best Fund Managers
-
2 Cheap Stocks Top Managers Have Been Buying
-
The 10 Best Companies to Invest in Now
United States