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Image header Agence Europe
Europe Daily Bulletin No. 10681
ECONOMY - FINANCE - BUSINESS / (ae) competition

Universal Music-EMI merger decision on 27 September

Brussels, 04/09/2012 (Agence Europe) - The European Commission is expected to announce authorisation of the acquisition of UK record company EMI by Universal Music Group, a subsidiary of France's Vivendi, for USD 1.9 billion. Reuters reported on Monday 3 September that Vivendi has offered to sell its global rights to a number of EMI's major labels and catalogues.

Feeling that the initial deal would have damaged competition, the European Commission required the merged unit, Universal-EMI, to...

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