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Switzerland - Watchdog blocks ticketing merger

Switzerland - Watchdog blocks ticketing merger

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.

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Posted on: 29/06/2017Categories: News from Audience Magazine

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