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News Update: Ticketmaster (NASDAQ:TKTM), Live Nation (NYSE:LYV) Merger Receives Conditional Approval

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Uploaded by on Jan 25, 2010

According to Reuters, the Justice Department granted conditional antitrust approval for the proposed merger of Ticketmaster (NASDAQ:TKTM) and Live Nation (NYSE:LYV).

Under the proposed settlement, Ticketmaster is obliged to sell its Paciolan ticketing unit to Comcast-Spectacor, which has already signed a letter of intent, or to another company approved by the Justice Department.

In addition, the merged company must license its primary ticketing software to Anschutz Entertainment Group and would be barred from retaliating against any venue owner that uses another company's ticketing or promotional services.

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  • well screw this i wont be attending any events that sell only tickemaster, i dont want to pay those idiotic fees!!!!

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