Live Nation jumps as it reportedly reaches antitrust settlement
09/03/2026 11:13
Corrects 3rd bullet to say Politico reports, not Axios ** Live Nation Entertainment LYV.N shares gaining 9.3% to $170.06 premarket after reports co settles a U.S. antitrust lawsuit ** The settlement would reportedly avoid a forced sale of its Ticketmaster unit, a key demand of the lawsuit, but would include concessions on ticketing contracts and amphitheater use, according to Bloomberg News ** Politico reports deal with U.S. Justice Department requires LYV to pay roughly $200 mln in damages ** The DOJ and over two dozen states sued LYV in May 2024, alleging the co illegally inflated concert ticket prices and harmed artists, claims the co has called baseless ** Through Fri close, LYV shares up ~10% YTD, outperforming a 1.5% fall for the S&P 500 .SPX, and ~11% below their all-time intraday high of $175.25 from Sept 2025 ** Avg rating of 26 analysts on the stock is "buy" with a median price target of $181.00, per LSEG data (Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@tr.com 1-646-279-6380))