Justice Department Seeks Breakup of Live Nation-Ticketmaster (2)

The US Justice Department and a group of states will sue Live Nation Entertainment Inc. for antitrust violations related to Ticketmaster’s unrivaled control of concert ticket sales, according to people familiar with the case.

The suit is expected to be filed in the Southern District of New York Thursday, said the people who asked not to be identified. The dispute will seek remedies including breaking up Live Nation, said the people, who asked not to be named discussing confidential information.

Live Nation shares were down 7% in premarket trading on Thursday following Bloomberg’s report on the Justice Department’s planned lawsuit. ...