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Live Nation-Ticketmaster deal vote set for Jan. 8
LOS ANGELES (AP) — In a tacit acknowledgment of a delay in their plan to combine, Live Nation Inc. and Ticketmaster Entertainment Inc. said in filings Friday that a shareholders meeting to approve the deal is set for Jan. 8.
The companies had previously said they expected to complete the deal by the end of the year.
Regulatory authorities have been closely scrutinizing the plan, however, potentially delaying it.
Last month, the U.K. Competition Commission came out against the deal, saying the combination could inhibit the entry of a major new competitor, CTS Eventim, in the U.K. ticketing market.
The British regulators have until Nov. 24 to determine what actions to take.
The U.S. Department of Justice has not yet given its opinion on the plan, which would bring together the world's largest concert promoter with its most dominant ticket-seller by volume.