LN-MCD merger referred for “in-depth investigation”
The takeover of MCD Productions by Live Nation's Gaiety Holdings (LNG) will be subject to further investigation in a ‘phase 2’ CMA probe
News By | 25 July 2019
The UK’s Competition and Markets Authority (CMA) today referred its investigation of Live Nation’s proposed takeover of MCD Productions for an in-depth ‘phase 2’ probe.
Following a preliminary, ‘phase 1’ inquiry that found the merger could result in less competition in Northern Ireland – claiming, somewhat implausibly, that a Live Nation-controlled MCD might “stop rival promoters from selling tickets” through Ticketmaster – the competition regulatory has referred the planned acquisition for an “in-depth” set to conclude in January 2020.
LN-Gaiety Holdings (LNG) –…
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