Sony Wins Approval to Buy EMI Music Publishing

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 ...

WASHINGTON (Reuters) - 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.

While Vivendi's Universal Music will get the recorded-music assets, Sony/ATV Music Publishing is still the leading contender to buy the music publishing business of EMI.

Clive Corcoran submits:The following brief item appeared in Music Week on February 11th:

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. ...

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 ...

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.