Live Nation Surges on U.S. Settlement Over Ticketmaster Deal (2)

Live Nation Entertainment Inc. settled a U.S. Justice Department investigation that found the company repeatedly violated terms aimed at protecting competition in live music promotion and ticketing when the government approved its purchase of Ticketmaster in 2010.

The original agreement that cleared the Ticketmaster deal will be extended by five and a half years to 2025, the Justice Department said in a statement Thursday. The terms prohibit Live Nation from retaliating against concert venues that use a ticketing company that competes with Ticketmaster.

The settlement “will ensure that American consumers get the benefit of the bargain that the United States ...