Live Nation/Ticketmaster Merger Approved in U.K

The proposed merger between Live Nation and Ticketmaster took one giant step toward becoming a reality yesterday as the U.K. Competition Commission approved of the union, which would join the biggest ticketing and artist management company with the largest concert promotions company. The last obstacle to the proposed merger is approval from Canada and the United States, where the Department of Justice is reportedly in the final round of review before finally deciding whether to allow the massive venture.