The Federal Trade Commission has voted 5-0 to close its investigation into whether Sony’s proposed acquisition of EMI’s music publishing business would violate Section 7 of the Clayton Act or Section 5 of the Federal Trade Commission Act. The closing of the investigation allows the two parties to go forward with the $2.2 billion deal, after receiving EU approval in April.
The European Commission had conditioned its approval on divesting worldwide publishing rights to four “valuable and attractive” catalogues and the musical works of 12 contemporary authors. The catalogues are Virgin UK, Virgin Europe, Virgin US, and Famous Music UK. The authors include Robbie Williams, Lenny Kravitz, and Ben Harper.
Full content: FTC Press Release
Related content: Intellectual Property Rights Protection Versus Antitrust: Tug of War?
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI