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ARTICLE · 02 FEBRUARY 2010

Ticketmaster And Live Nation Agree To Consent Agreement To Resolve Competition Bureau Concerns

Stikeman Elliott LLP
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On January 25, 2010, the Competition Bureau announced that it had entered into a consent agreement with Ticketmaster Entertainment, Inc. and Live Nation, Inc. to resolve competition concerns identified by the Bureau with respect to their proposed merger.

CanadaAntitrust/Competition Law
Stikeman Elliott LLP
Stikeman Elliott LLP
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On January 25, 2010, the Competition Bureau announced that it had entered into a consent agreement with Ticketmaster Entertainment, Inc. and Live Nation, Inc. to resolve competition concerns identified by the Bureau with respect to their proposed merger. The Bureau's announcement coincided with a similar announcement by the U.S. Department of Justice Antitrust Division, with whom the Bureau cooperated closely in its review.

Ticketmaster, a worldwide provider of ticketing services, and Live Nation, a promoter of live events globally, announced their intention to merge on February 10, 2009. Following a detailed review of the transaction, the Bureau concluded that the proposed merger would likely prevent competition substantially in respect of primary ticketing services for large live entertainment events in Canada. To address the Bureau's concerns and move forward with the proposed merger, Ticketmaster and Live Nation agreed to implement certain divestitures and comply

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