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Ticketmaster-Live Nation Merger Blocked in U.K.
Fears that tie-up would "severely inhibit" local competition in U.K. ticket retailing.
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The Hollywood sign might have been covered up by environmentalists, but Love is definitely in the Tinseltown air this Valentine’s Day. No, we don’t mean the baby factory of Brad Pitt and Angelina Jolie, though nice to see you guys are still together, or the are-they-or-aren’t-they “Twilight” couple of Robert Pattinson and Kristen Stewart.
What we do mean is the undeniable attraction of eight couples that have seized the heart-shaped zeitgeist this year … for better or worse.
The merger deal struck by Ticketmaster Entertainment and Live Nation suffered a further setback on Thursday after U.K. antitrust authorities poured cold water on their plans to create a live music powerhouse.
In a provisional ruling, the Competition Commission said the tie-up between the U.S.'s top ticket seller and the world’s largest concert promoter could "severely inhibit" a new rival from competing in the U.K. ticket retailing market.
Read more at the Financial Times.
