After charging the companies a service fee of $150 million and a convenience charge of $50 million, the DOJ has approved the merger from hell.   Continue

Breaking News for Ticketmaster Live Nation Merger

Conditions Set For Live Nation, Ticketmaster Merger
Assistant Attorney General Christine Varney said the conditions would have the effect of lowering ticket prices. For the merger to be approved, Ticketmaster must agree to license its ticketing software to competitor AEG and sell its subsidiary Paciolan to Comcast Spectacor..

Ticketmaster, Live Nation Merger Approved: Will It Lead To Lower Ticket Prices–
LOS ANGELES — The U.S. Justice Department cleared the way Monday for concert promoter Live Nation and ticket-seller Ticketmaster to combine after imposing major conditions meant to create stronger competitors and lower ticket prices for consumers. Shares in both companies rose sharply in trading after reports surfaced that the merger would be approved. The rally continued following the afternoon announcement. Assistant Attorney General Christine Varney said Ticketmaster would have to license its ticketing software to competitor Anschutz Entertainment Group Inc. and sell its subsidiary Paciolan to Comcast Corp. subsidiary Comcast-Spectacor. Paciolan sells tens of millions of tickets every year, she said. The conditions would result in two large, vertically integrated competitors – AEG and Comcast-Spectacor – that would vie for ticketing contracts with the merged entity of Live Nation Inc.

Conditions Imposed On Live Nation, Ticketmaster
Live Nation, Ticketmaster shareholders OK merger.

U.S. sets concessions in ticket dealer merger
The U.S. Justice Department cleared the way Monday for concert promoter Live Nation and ticket-seller Ticketmaster to combine after imposing major conditions on them..

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