Ticketmaster, Live Nation Merger Approved by Feds
The world's biggest concert promoter and ticketing service are now okayed to be one giant-ass company. The deal was approved today, despite opposition over such a game-changing move, by the Department of Justice. One of opponents was Anschutz Entertainment Group (AEG), which owns L.A. Live. The rumor is that Live Nation agreed to sell some of its venues to AEG in exchange for them dropping their arguments of the merger.