Ticketmaster Entertain­ment and event promoter Live Nation confirmed yesterday that they plan to combine their acts in a so-called merger of equals.

The combination of Nor­th America’s biggest ticket distributor and biggest ven­ue operator would operate under the name Live Nation Entertainment.

The arrangement between the two Los Angeles-based companies is likely to face intense scrutiny from U.S. antitrust authorities — especially because Live Nation recently developed its own ticketing ser­vice working in competition against Ticketmaster.

Ticketmaster sells tickets on behalf of more than 80 per cent of the major arenas and stadiums in the United States.