Artists such as Bruce Springsteen and legislators such as Orrin Hatch, Chuck Schumer and New Jersey Congressman Bill Pascrell have opposed the Ticketmaster (TKTM) / Live Nation (NYSE:LYV) merger on the grounds that it would create a near-monopoly in live music event promotion and ticketing. In March, the companies received a “second request” from the DOJ under Hart-Scott-Rodino. Management expects the deal to close in 2H09.
We analyze Ticketmaster, which is owned by David Einhorn's Greenlight Capital, in the upcoming "Superinvestor Issue" of Portfolio Manager's Review.
Disclosure: No positions.