(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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