LN-MCD merger doesn’t raise competition concerns after all, says CMA
The preliminary results of the CMA's ‘phase-2’ investigation indicate no lessening of competition in Northern Ireland as a result of LN-Gaiety's takeover of MCD
News By | 7 November 2019
The latest phase of a Competition and Markets Authority (CMA) inquiry has found that the acquisition of MCD Productions by Live Nation-Gaiety does not raise competition concerns, paving the way for regulatory approval of the long-delayed merger in the UK.
The CMA’s preliminary ‘phase-1’ inquiry found, somewhat implausibly, that a merger of Live Nation and MCD could lessen competition in Northern Ireland by restricting the ability of rival promoters to sell tickets through LN-owned Ticketmaster.
The preliminary findings of…
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