Calif. – The shareholders of
Ticketmaster (NASD: TKTM) voted on Friday to approve the company’s proposed merger with
concert promotion giant Live Nation (NYSE: LYV). Ticketmaster said that more than 98% of its
shares voted were in favor of the merger, while over 99% of Live Nation’s
shares favored the deal — which still must pass regulatory muster.
Justice Department is reportedly seeking additional concessions from the
companies before deciding whether to approve the deal, people with knowledge of
the deal told BusinessWeek.
(DMW previous coverage)