The Federal Trade Commission has approved a Sony-led consortium's purchase of EMI Music Publishing, without having to make any divestitures, the FTC said on Friday. U.S. antitrust regulators gave the nod ...
The EU's approval of Sony's $2.2-billion acquisition of EMI's publishing business clears a major hurdle in Sony's ambition to create the world's largest music publishing group.The European Union's antitrust regulators have approved Sony Corp.'s $2.2-billion acquisition of EMI's publishing business, clearing a major hurdle in Sony's ambition to create the world's largest music publishing group with rights to about 2 million songs, including some by David Bowie, Stevie Wonder and Pink.
The $4.1-billion deal calls for Universal to acquire EMI's recorded music division from Citigroup for $1.9 billion and Sony to acquire EMI's music publishing business for $2.2 billion.The century-old EMI Group music company has been split in two and sold for $4.1 billion to Universal Music Group and Sony Corp.
Grooveshark CEO Sam Tarantino called early-2011 through early-2012 the "year of getting punched in the face 10,000 times" — a reference to getting kicked out of Google and Apple's app stores, facing huge new competition, and getting hit with another big copyright lawsuit.
European antitrust regulators are expected to approve a plan by a Sony-led investor group to buy EMI Group's music-publishing division for $2.2 billion, according to people familiar with the situation.
Vivendi's Universal Music Group and Sony won the auction for EMI's recorded music and music publishing operations, trumping bids by archrivals Warner Music Group and BMG Music Publishing at the 11th hour.
Reuters - Vivendi's Universal Music Group is set to buy EMI's recorded-music unit for $1.9 billion, while a group led by Sony's music division will buy the publishing operation of the British music company for $2.2 billion, the Wall Street Journal reported on Friday.