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Shares of Live Nation dropped 5% in extended trading on Friday.
Earlier this year, U.S. senators slammed Live Nation’s lack of transparency and inability to block bot purchases of tickets following a major fiasco involving ticket sales for Taylor Swift’s long-awaited concert tour.
The potential lawsuit could claim that the entertainment giant is abusing its power over the live music industry, Politico reported, adding that the timing of the case was not firm and the DOJ could decide to drop it.
Live Nation and the DOJ did not immediately respond to Reuters requests for comment.
