Live Nation (LYV) is close to settling a federal antitrust lawsuit in a deal that would avoid the sale of its Ticketmaster unit, Bloomberg’s Josh Sisco, Lucas Shaw, and Leah Nylen report, citing sources. The U.S. Justice Department and more than two dozen states sued Live Nation in May 2024, calling for a sale of Ticketmaster and alleging the companies illegally inflated concert ticket prices and harmed artists. According to the report, Live Nation’s Ticketmaster would drop some exclusivity in ticketing contracts with concert venues and also make some concessions around the use of its amphitheaters, which the lawsuit claims the company has monopolized, according to the report.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYV:
- Morning News Wrap-Up 3/3/26: Tuesday’s Biggest Stock Market Stories!
- Live Nation Stock (LYV) Slides as Ticketmaster Antitrust Showdown Begins
- Block upgraded, Duolingo downgraded: Wall Street’s top analyst calls
- Live Nation upgraded to Buy from Neutral at Rothschild & Co Redburn
- Oracle upgraded, Workday downgraded: Wall Street’s top analyst calls