Justice Department preparing Ticketmaster antitrust lawsuit

The Justice Department may file an antitrust complaint as soon as next month aimed at forcing Live Nation Entertainment Inc. to spin off its Ticketmaster ticketing business, according to three people familiar with the matter.

Several state attorneys general have also been involved in the investigation and could join the Justice Department in an eventual suit, the people said. Ticketmaster, the largest U.S. ticketing company, merged with Live Nation, the biggest concert promoter, 14 years ago following a lengthy antitrust investigation. The Justice Department required the combined company to pledge that it wouldn’t tie its services together or retaliate against venues that switched promoters or ticketing services.

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