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Ticketmaster-Live Nation Merger Approved

As reported by “The Department of Justice will announce today that it will approve the Live Nation/Ticketmaster merger after a nearly a year of investigation and due diligence.

“The major concessions the companies will have to make to allow the deal to fly is Ticketmaster must divest its Paciolan ticketing operation, acquired in 2007, and must strike a ticketing licensing agreement with sports and entertainment company AEG, whose concert promotion division AEG Live is Live Nation’s closest competitor.

“More details will be forthcoming.”