EU launches investigation into Universal’s planned takeover of EMI
Saturday 24 March 2012
The European Union's competition regulator on Friday launched an in-depth probe of Universal Music Group's planned acquisition of part of the iconic British music company EMI – home to The Beatles, Coldplay and Katy Perry.
Universal Music, which is owned by French media company Vivendi SA, announced in November that it would buy EMI's recorded-music division for $1.9bn. At the same time, a consortium led by Sony Music's Sony/ATV said it would pay $2.2bn for EMI's publishing arm.
The deal has been vehemently opposed by rivals such as Warner Music and small, independent music labels, which fear that Universal and Sony would dominate a market that is already under strain from illegal music downloads.
In its statement Friday, the Commission indicated that those concerns may be justified.
Liam Neeson's Downton dreams
- 2 Scottish independence live: Scotland gives a clear 'No' in historic referendum - as it happened
- 3 iOS 8 is full of shiny new features - but it's terrible news for app developers
- 4 Friends 20th anniversary: Six things we wouldn't have without influential comedy series
- 5 Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
Scottish independence referendum results: David Cameron pledges plans for 'English votes for English laws' by January
Scottish independence live: Scotland gives a clear 'No' in historic referendum - as it happened
Scottish referendum results: David Cameron set to unveil major devolution of powers to England
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
To £85,000 + banking benefits: Saxton Leigh: You will be expected to carry out...