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Switzerland: Watchdog issues merger block

By  |  May 23, 2017

The competition committee (Weko) forbade the merger of the two largest ticket vendors in Switzerland this week. Ticketcorner and Starticket had announced their merger in October 2016.

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    Ticketcorner, half of which is owned by the Swiss media group Ringier and the other half by the German event and ticket group CTS Eventim, has a market share of around 60%. Starticket is part of the Tamedia Media Group and, according to the 2016 Ticketing Yearbook, sells approximately 35% of tickets in Switzerland.

    According to the Weko between 15.5 and 20 million tickets are sold per year.

    Full Content: Neue Zürcher Zeitung

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