Monday, February 9, 2009
Posted by D. Daniel Sokol
As much as we in the antitrust community like to think that antitrust has become bureaucratized, every once in a while we come to a politically charged deal in which the public and Congress push hard to extract various terms from the merging parties. One such deal is that of the proposed merger of Ticketmaster and Live Nation. Though overall the economic literature suggests that vertical integration is not anti-competitive, I can assure you that when Bruce Springsteen asks his very, very large fan base to pressure Congress, this will place significant pressure upon US antitrust enforcers to "do something" about merger terms.