The UK’s competition regulator, the Competition and Markets Authority (CMA), is having a busy month with its Sony Music / AWAL investigation, as well as a potential referral to probe the wider music industry. At least one case has been closed, its investigation into secondary ticketing firm Viagogo’s acquisition of rival StubHub.
Viagogo has satisfied the CMA’s concerns by selling StubHub’s business outside North America to an investment company called Digital Fuel Capital – a deal which was completed early this month.
Music Business Worldwide has some more details on that company, including some unexpected new sister companies for StubHub’s international business. It will sit alongside BuyAutoParts, National Tree Company, and RugsUSA in Digital Fuel’s portfolio.
Viagogo will be pleased that the CMA hasn’t pulled the rug out from under its acquisition of StubHub’s North America business. However, music industry campaigners will be keeping up the pressure on the company over its business practices.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI