Money & Business
 
 Money Home    Quotes & PortfolioMarket News
 


 

 
 
STOCK QUOTES
Enter Symbol
 
 
Financial Headlines
 
News Search
  
Stories Photos
 
Hot Discussion Topics

Community Highlights
 
 
Live Nation-Ticketmaster deal vote set for Jan. 8

LOS ANGELES (AP) - In a tacit acknowledgment of a delay in their plan to combine, Live Nation Inc. and Ticketmaster Entertainment Inc. said in filings Friday that a shareholders meeting to approve the deal is set for Jan. 8.

The companies had previously said they expected to complete the deal by the end of the year.

Regulatory authorities have been closely scrutinizing the plan, however, potentially delaying it.

LIVE NATION INC
Stock Ticker Chart
 NYSE:LYV
 Updated: 16:05 ET
 7.57  -0.13
TICKETMASTER ENTMT INC
Stock Ticker Chart
 NASDAQ:TKTM
 Updated: 15:59 ET
 11.02  -0.14

Last month, the U.K. Competition Commission came out against the deal, saying the combination could inhibit the entry of a major new competitor, CTS Eventim, in the U.K. ticketing market.

The British regulators had initially said they would wait until Nov. 24 to determine what actions to take, but on Thursday extended the deadline for a final report to Jan. 19.

The U.S. Department of Justice has not yet given its opinion on the plan, which would bring together the world's largest concert promoter with its most dominant ticket-seller by volume.


11/06/09 19:44 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.

 
 
 
 
 
 
 
 
 

Tax Information From

• Taxes
 
 
 
 
Special Offers
 
 
 

Finding People

 
 
 

Cool Clicks!

 
 
 
 
 
 
About Netscape | Netscape Internet Service | © 2009 Netscape. All rights reserved.