Live Nation Entertainment Inc. Faces Investor Movements Amid Antitrust Scrutiny
Live Nation Entertainment Inc. has experienced a combination of institutional investor activity and heightened regulatory scrutiny in recent days. In New York, several institutional investors, including a fund managed by Goldman Sachs, have acquired shares in the company, while other wealth‑management firms and a financial services group have reduced their holdings. The company’s stock price has risen modestly and it was included among the gains in the S&P 500 for the day.
Simultaneously, the U.S. Justice Department has requested a federal judge consider breaking up Live Nation, citing concerns that its Ticket Master unit effectively excludes venues that do not use its ticket‑sales platform. The company’s shares rose following the announcement of the hearing, reflecting a brief rally amid the antitrust proceedings.
