Merger Draws Congressional Hearings

Sens. Herb Kohl and Orrin Hatch have announced the Senate Judiciary Antitrust Subcommittee will examine the Ticketmaster / Live Nation merger next week.

So will the House Judiciary Subcommittee on Courts and Competition Policy.

The antitrust subcommittee is expected to convene Feb. 24, and the House subcommittee is expected to hold hearings Feb. 26. Witness lists were not released, according to the New Jersey Star-Ledger.

“Any merger between two companies who would otherwise compete against each other raises significant antitrust concern when those companies already have significant market power,” House Subcommittee Chairman Hank Johnson said in a statement.