The US Department of Justice has cleared the planned merger of Ticketmaster and Live Nation, meaning the deal could close in a few days time. However, there are conditions: Ticketmaster must license its primary ticketing software to competitor AEG, sell off one of its ticketing units – Paciolan – and agree not to retaliate against any venues who choose to use rival ticket services for their events. Christine Varney, head of the DoJ’s antitrust division, says she plans to monitor the results of the merger. “I will be keeping a very close eye on this settlement as we go forward,” she tells Reuters. “You can probably expect to see three competitors and generally when you see robust competition you see prices coming down.” Source: Reuters

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