Live Nation Entertainment Inc. reached a tentative settlement with the U.S. Department of Justice, agreeing to extend and clarify a 2010 consent decree regarding the company's merger with Ticketmaster Entertainment Inc.

"We believe this is the best outcome for our business, clients and shareholders as we turn our focus to 2020 initiatives," the company said in a Dec. 19 statement.

While Live Nation did not disclose terms of the settlement, Billboard reported that it extends the consent decree until 2025 and includes a variety of clarifications to the original agreement. The agreement does not include a fine, the report said.

The Justice Department earlier this year began investigating potential antitrust concerns involving Live Nation and its Ticketmaster unit.