Brussels, 21/09/2012 (Agence Europe) - On Friday 21 September, the European Commission accepted the pledges offered by Universal Music of France, a subsidiary of Vivendi, (see EUROPE 10681) for its buy-up of the recorded music business of the UK's EMI. The authorisation is subject to Universal selling off many of EMI's assets around the world, some of its record labels and other commitments.
After an investigation into the expected impact of the merger on the digital music industry, the...