The merger of two of the country's biggest ticketing companies Ticketcorner and Starticket has been vetoed by its Federal Competition Commission.
Wetthewerbskommission (Weko) ruled the creation of a joint company would give the operation a monopoly on ticket sales.
The merger, announced in November, would have involved 75 per cent of the firm being owned by Ticketcorner's parent companies, Germany-based ticketing giant CTS Eventim and Swiss media group Ringier, with Starticket parent Tamedia, also a media company, holding 25 per cent.
Posted on: 29/06/2017Categories: News from Audience Magazine