Live Nation Falls After Report DOJ Is Preparing Legal Action

(Bloomberg) -- Live Nation dropped as much as 8.2% after the Wall Street Journal reported the Justice Department was preparing legal action against it over allegations the company has sought to strong-arm concert venues into using its Ticketmaster subsidiary

• WSJ cited unidentified people familiar with the matter
• DOJ believes conduct violates the Live Nation-Ticketmaster merger settlement
• Live Nation doesn’t believe it committed violations, according to unidentified people familiar with the matter
• Company and DOJ have engaged in talks but have not settled differences

To contact the reporter on this story: Maria Jose Valero in New York at mvalero3@bloomberg.net

To contact the editors responsible for this story: Polina Noskova at pnoskova@bloomberg.net, Nathan Crooks

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