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 ...
BRUSSELS (Reuters) - EU antitrust regulators cleared Universal Music Group to buy British record company EMI's recorded music unit for $1.9 billion on Friday after the Vivendi-owned company promised to sell some of EMI's most valuable record labels. The European Commission said in a statement that the asset sales, ranging from EMI's Parlophone label to Chrysalis, Mute, EMI Classics and also Universal labels such as Sanctuary and Co-op Music Ltd, allayed its concerns about the combined group's market power. ...
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.
WASHINGTON (Reuters) - Johnson & Johnson has won U.S. antitrust approval to buy Swiss medical device company Synthes Inc with conditions, the Federal Trade Commission said on Monday. Johnson & Johnson will sell its system for surgically treating serious wrist fractures and other assets related to treating traumatic injuries to Biomet Inc , the FTC said. The deal, valued at about $21 billion, was approved by European antitrust officials on April 19. (Reporting By Diane Bartz; Editing by Gary Hill)
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.
BRUSSELS (Reuters) - Vivendi's Universal Music Group clinched EU regulatory approval on Friday to buy EMI's recorded music unit for $1.9 billion after agreeing to sell record labels that bring in nearly a third of the British company's revenues.
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.
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.