(Reuters) -The U.S. Department of Justice and a group of states will sue Live Nation Entertainment (NYSE:), potentially seeking a break up, Bloomberg News reported on Wednesday, outlining the next step in an antitrust campaign against the Ticketmaster owner.
The Justice Department has been investigating Ticketmaster’s domination of concert ticket sales, sources have previously told Reuters. Concert fans and politicians for years have called for a re-examination of the Live Nation-Ticketmaster merger in 2010, especially after the botched sale of tickets to a Taylor Swift concert tour.
Bloomberg said the lawsuit is expected to be filed in the Southern District of New York on Thursday.
The legal action underscores the aggressive approach President Joe Biden’s antitrust enforcers have adopted as they seek to create more competition in a wide range of industries, from Big Tech to healthcare to groceries. It also shows the power and…
