Live Nation Seeks AEG Support On Ticketmaster Merger
January 21, 2010 at 4:02 AM (PT)
LIVE NATION reportedly has approached rival ANSCHULTZ ENTERTAINMENT GROUP to let them know it's willing to sell its venues on favorable terms in exchange for AEG withdrawing opposition to LIVE NATION's proposed merger with TICKETMASTER, reports THE NEW YORK POST.
The merger is still being reviewed by the Department of Justice, with insiders saying a decision could come as early as next week. "The fact that they are out there talking with others about deals suggests that they are nervous about getting approval," said a person involved in the process. "They are trying to pretty up the deal as much as possible for the regulators."
AEG boss TIM LEIWEKE has been vocal in his opposition to the merger, saying the proposed merger was "not good for the industry."
"This has been a big negotiating ploy played out in public from day one," said one source about AEG's position. "What they really want is to get more venues at a [good] price."