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Europe Daily Bulletin No. 8732

23 June 2004
Contents Publication in full By article 30 / 45
GENERAL NEWS / (eu) eu/competition
European Commission appears to back agreement on BMG and SONY merger

Brussels, 22/06/2004 (Agence Europe) - The parity merger between BMG and Sony appears to be on the point of creating the second biggest musical production and distribution group in the world, with 80% market share in the hands of the four "majors": Vivendi Universal, number one, followed by Sony-BMG, EMI and Warner Music. According to the French daily, Les Echos, the European Commission could give the go-ahead to the merger if a few changes are made.

Although the risk of an agreement on...

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