"US DOJ Considers Breaking Up Live Nation: Bloomberg"

1 min read
Source: Yahoo Finance
"US DOJ Considers Breaking Up Live Nation: Bloomberg"
Photo: Yahoo Finance
TL;DR

The U.S. Department of Justice and several states are set to sue Live Nation Entertainment, potentially seeking to break up the company due to its dominance in concert ticket sales through Ticketmaster. This follows years of complaints from concert fans and politicians, especially after Ticketmaster's mishandling of Taylor Swift concert ticket sales. The lawsuit, expected to be filed in the Southern District of New York, highlights the Biden administration's aggressive antitrust stance. Live Nation's shares fell over 6% in extended trade following the news.

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