The proposed and maligned Live Nation-Ticketmaster merger was approved yesterday by the U.S. justice department. The merger paves the way for the two giants of concert tickets and promotion to enter an unholy union where service charges are likely to go up and become the expected norm. The physical merging of the companies is expected to happen immediately.
This ends months of trading between Live Nation and its competitors, one of which (AEG) got a bunch of properties in exchange for letting the merger happen without a fight. Nice one AEG. [Daily Swarm]