Universal Musics EMI bid to face EU objections
Universal Musics EMI bid to face EU objections
 ST GALLEN, Switzerland (Reuters) - Universal Music's $1.9 billion deal to buy smaller rival EMI's recorded music business is set to face objections from the European Union's competition authority and may have to make concessions to allay concerns about the combined group's power particularly in the digital market. Universal, owned by French group Vivendi, has not so far offered any remedies to the European Commission, a person familiar with the matter told Reuters on Friday, after a senior official at the European Commission said it plans to issue a formal "statement of objections". ...
//news.yahoo.com/eu-regulators-prepare-objections-universal-emi-bid-source-110337732--finance.html
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