Live Nation–MCD merger under investigation
Ireland's CPCC will look into whether LN-Gaiety's planned takeover of MCD Productions 'substantially lessens competition'
News By IQ | 3 January 2019
The Competition and Consumer Protection Commission (CCPC), the Republic of Ireland’s consumer protection agency, has announced a ‘phase 2’ investigation into the acquisition of Irish promoter MCD Productions by UK-based LN-Gaiety Holdings (LNG).
LNG – a joint venture between Live Nation UK and Denis Desmond’s Gaiety Investments – announced last August it planned to acquire Desmond’s company MCD Productions. Cork-born Desmond succeeded John Probyn as Live Nation’s chairman in the UK and Ireland in 2015, although MCD – founded…
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