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Universal receives statement of objections for EMI recorded music business bid

By  |  June 20, 2012

Universal Music Group has received a statement of objections from the European Commission regarding its offer for EMI’s recorded music business.  An initial market investigation indicated that the deal would have antitrust implications for both Member States and the European Economic Area as a whole. Following the merger, Universal would have high market shares in the wholesale of physical and digital music–the merged entity would be nearly twice the size of the second-largest player in the EEA–and increased market power.

At this point, Universal and EMI can offer concessions to try to resolve the antitrust concerns set out in the statement of objections.

Full content: Businessweek

 

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