Horizontal Integration is a type of strategy pursued by a company in order to strengthen its position in the industry.Live Nation (https://www.livenationentertainment.com/) operates music venues, provides management services to music artists, and promotes more than 26,000 live music events annually. The company acquired House of Blues, merged with Ticketmaster and acquired concert and festival promoters in the United States, Australia, and Great Britain. Read and respond to the following questions below in 500 Words with at least one course and one non-course scholarly/peer reviewed source (No Plagiarism)· How has the company used horizontal mergers and acquisitions to strengthen its competitive position?· Are these moves primarily offensive or defensive? Please explain.· Has either Live Nation or Ticketmaster achieved any type of advantage based on the timing of its strategic moves? · Relate your response to our coursework from this week.