Live Nation settles litigation, buying Songkick assets

Live Nation (NYSE:LYV) says it has acquired assets of Songkick, part of a settlement of litigation with that entity now known as Complete Entertainment Resources Group.

The two were set to go to trial later this month before the settlement.

Live Nation gets assets including CERG"s ticketing commerce platform, anti-scalping algorithm, API applications and patent portfolio; financial terms were undisclosed.

Songkick was founded in 2008 as a concert discovery and artist ticketing platform; the discovery portion was sold last summer to Warner Music Group.