Live Nation Settles Suit With Ticketing Start-Up, Buying Its Assets

The concert business giant announced that it settled with Songkick for $110 million and an additional undisclosed sum to acquire the company’s technology assets and patents.

Two years ago, Songkick, a ticketing start-up that operated out of a loft in Brooklyn, filed an antitrust suit against Live Nation Entertainment, the colossus of the concert business.The David-and-Goliath suit included accusations of abuse of market power by Live Nation and its Ticketmaster subsidiary.But on Friday, less than two weeks before the start of a trial, Live Nation announced that it had settled the suit for $110 million and an additional undisclosed sum to acquire some of Songkick’...