Live Nation stock jumps after reports a DOJ settlement may stop a Ticketmaster breakup
Investors in the live entertainment giant Live Nation are feeling optimistic this morning after reports that the company has settled its civil antitrust lawsuit with the Department of Justice (DOJ) and 39 participating states. The settlement will cost Live Nation, but it means that the company has narrowly avoided a forced breakup with its popular subsidiary, Ticketmaster.
The reports come after a week-long trial in which the DOJ laid out its argument that Live Nation and Ticketmaster...