Justice Department set to take antitrust action against Ticketmaster parent Live Nation

The Justice Department is set to file an antitrust lawsuit against entertainment conglomerate Live Nation as early as Thursday, multiple sources familiar with the matter confirmed to CBS News. 

The federal government will be joined in its legal challenge by several state attorneys general. Prosecutors are expected to challenge the Ticketmaster parent company's practices and could seek to force a change in how the company does business, the sources said. In many instances, when the Justice Department sues over antitrust issues, it seeks to get a judge to force divestments within a company or change how it operates.

The Justice Department declined to comment. Live Nation did not respond to a CBS News request for comment.