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monopolies

Justice Department Not Yet Sure If Ticketmaster–Live Nation Merger Would Create Monopoly

Responding to outrage from lawmakers, Bruce Springsteen, the media, and anyone in the world who has ever purchased to a ticket to anything, ever, the Justice Department announced plans for a thorough investigation into the proposed union between universally despised megacorporations Ticketmaster and Live Nation. Hilariously, the probe — which would seek to determine if the merger would create an "unfair monopoly in the ticket-selling business" — could take "months or longer." Since the Justice Department has previously investigated Ticketmaster, though, and somehow failed to find evidence of a monopoly, we bet we can already guess their verdict.

Justice Dept. to probe Ticketmaster deal [AP]

Earlier: Ticketmaster and Live Nation to Merge?

Photo: Getty Images