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Sony group files merger application with European Commission for EMI publishing unit

By  |  February 28, 2012
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.

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    The European Commission’s initial deadline for a decision is set for April 2.

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    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))