Ticketmaster shareholders sue to stop merger
… the LA Business Journal’s Alexa Hyland reports:
In the suit, which was filed on Friday in Los Angeles Superior Court, Ticketmaster shareholders allege in court documents that Ticketmaster executives exploited the temporary downturn in the company’s share price, off almost 40 percent in the last three months, and secured benefits for themselves outside of the deal to the detriment of Ticketmaster’s public shareholders.
The executives aren’t named. More details as they come.
————
Previously in Hitsville:
How Live Nation does business
Will the Live Nation/Ticketmaster merger mean higher concert prices?
Another suit against Ticketmaster
Constantly updated: The Ticketmaster-Live-Nation unholy-matrimony news round-up!
Five arguments against the Live Nation/Ticketmaster merger
Irving Azoff kicks it old school
The music industry’s Putin
Bad merger coverage
WWBD (What would Bono do?)
Billboard’s analysis of the Ticketmaster/Live Nation merger
Springsteen and Landau bash Ticketmaster and Live Nation!
P.S. on Ticketmaster: A case study, starring Bruce Springsteen
Why the potential Live Nation-Ticketmaster merger is a very bad idea
Is Ticketmaster trying to muddle the fees issue?
The Azoff-Ticketmaster deal: Bad news for concert-goers—and the music industry
Why you so seldom read about obscene Ticketmaster-style ticketing charges
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