Sony group files merger application with European Commission for EMI publishing unit
A Sony consortium has filed a merger application with the European Commission, seeking EU approval for its acquisition of EMI’s publishing unit. The Sony group includes David Geffen, Blackstone Group, and the Mubadala Development Company. The $2.2 billion deal will give the Sony group control of EMI’s publishing rights, creating the world’s second-biggest music catalog.
The European Commission’s initial deadline for a decision is set for April 2.
Source: Bloomberg
Related content: The European Commission’s Reexamination of the SonyBMG Merger: A Precedent-Setting Attempt to Jump the Fence (Ben Van Rompuy & Caroline Pauwels, Institute for European Studies (VUB))
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