The Federal Trade Commission on Friday cleared the $1.9 billion merger between Universal Music Group and EMI Recorded Music without conditions, determining that the combination of the first- and fourth-largest music companies in the world would not substantially lessen competition.
Earlier today, regulators in the European Union also approved the deal. However, they required Universal, which is owned by Vivendi S.A., to sell major assets including its Parlophone label, home to artists such as Coldplay and David Bowie – though it got to keep The Beatles catalogue.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
