--The Justice Department and some U.S. states are preparing to sue Live Nation Entertainment for violating antitrust law, Bloomberg reports, citing people familiar with the matter.

--The suit is expected to be filed Thursday and focus on Live Nation-owned Ticketmaster's control of concert-ticket sales, the people said, according to the report.

--The suit will seek remedies including breaking up the company, Bloomberg reports, citing the people familiar with the matter.

--The Justice Department declined to comment to Bloomberg, while Live Nation didn't immediately respond to requests for comment.


Full article at https://www.bloomberg.com/news/articles/2024-05-22/justice-department-to-seek-breakup-of-live-nation-ticketmaster


Write to Ben Glickman at ben.glickman@wsj.com


(END) Dow Jones Newswires

05-22-24 1907ET