New York
– Concert promotion giant Live Nation (NYSE: LYV) is mulling the sale of at least some of its venues to
rival AEG in a bid to win antitrust approval of its proposed merger with
Ticketmaster (NASD: TKTM), the New York Post reported, citing "a person involved with
the process." "The fact that they are out there talking with others
about deals suggests that they are nervous about getting approval," said
The Post’s source.
"They are trying to pretty up the deal as much as
possible for the regulators."
It’s typical in such large mergers
undergoing antitrust review for the parties to divest some of their assets to
ensure that competition remains after the deal is completed.
Hypebot noted that
Ticketmaster has previously signaled it may be willing to divest its TicketsNow
secondary ticket sales marketplace.
The Post said that the Justice Department,
which is handling the antitrust review of the deal, may issue its decision as
early as next week.
Related Links:
http://snipurl.com/u5sdl
(N.Y. Post)
http://snipurl.com/u5sbi
(Hypebot)
