Live Nation Stock Sinks on Antitrust News, Hipgnosis Shares Soar After Takeover Bid

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Live Nation Stock Sinks on Antitrust News, Hipgnosis Shares Soar After Takeover Bid
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Live Nation stock is down on antitrust news, Hipgnosis shares are up and more music stock performances including Spotify, iHeartMedia and Hipgnosis.

against the company in the coming weeks. The DOJ could seek any number of remedies, but, in recent years, there have been calls from both the public and private sectors to break up the company and separate the concert promotion business from the ticketing business. , called on lawmakers to “update and enforce antitrust laws” to prevent Live Nation and Ticketmaster from working on concert to “keep ticket prices high.”.

to drop 4.5% this week — its largest one-week loss since November 2022. That brought the index’s decline over the past two weeks to 7.5% after it reached an all-time high the week ended April 5.

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