Live Nation’s acquisition of Altice Arena held up

Portugal’s Competition Authority has expressed doubts about the competitive effect of Live Nation’s acquisition of Altice Arena, the country’s largest arena.

In April, it was revealed that Live Nation was purchasing a majority stake in the arena’s owner, Arena Atlântico, in addition to an “indirect controlling stake” in leading promoter Ritmos e Blues.

Now, the deal is undergoing an in-depth investigation by the Competition Authority that will prolong a final decision on whether LN can…

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