Brits Have A Problem With Live Nation And Ticketmaster Merger
October 9, 2009 at 6:15 AM (PT)
The planned merger between LIVE NATION and TICKETMASTER has run into a problem overseas, after BRITAIN's Competition Commission said it opposed the deal on the grounds that the combination could harm consumers by charging higher prices for concerts, reports THE NEW YORK POST.
In a statement, TICKETMASTER said it believes that the deal will ultimately be approved and that the combination "will be able to help achieve needed change that will strengthen a flagging music industry."
The U.K. regulatory commission did suggest that the combined company could offer some solutions, including selling one of its ticketing operations in the U.K., in order to get approval.
A final decision is expected at the end of NOVEMBER.