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The Stage: ATG’s Live Nation purchase cleared by OFT

Posted on 11.02.10 | Categories: atg, oft, ticketmaster, merger

From thestage.co.uk

Ambassador Theatre Group’s £90 million purchase of Live Nation’s UK theatres has been cleared by the Office of Fair Trading and will not be referred to the Competition Commission.

The OFT has been investigating the merger since the end of last year and, following extensive consultation with the industry, has concluded that “there is no realistic prospect of theatregoers losing out through higher prices or an overall reduction in choice of productions or theatres.”

According to the OFT, it investigated the completed acquisition following a complaint from a concerned third party.

Read the full story at thestage.co.uk >>.

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