Competition watchdog probes Ticketcorner merger
Weko says the proposed merger of Starticket and CTS Eventim's Ticketcorner could create a monopoly in Switzerland
News By | 16 February 2017
The Swiss Competition Commission (Wettbewerbskommission, Weko) is to investigate the merger of the country’s leading ticket agencies, Ticketcorner and Starticket, over concerns the combined company would have a monopoly on ticketing in Switzerland.
Ticketcorner and Starticket, which between them control around 85% of the live entertainment ticket market, announced their intention to merge in November, with 75% of the shares in the new operation held by Ticketcorner’s parent companies, CTS Eventim and Ringier, and 25% by Starticket parent Tamedia.
“Weko will consider…
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