Sony Tries To Ease EU Competition Fears Over $2.2B EMI Buy

Law360, New York (March 27, 2012, 12:54 PM EDT) -- A group of investors led by Sony Corp. has offered concessions to the European Union's competition body in an attempt to alleviate concerns over a $2.2 billion purchase of EMI Music Publishing, the watchdog said Tuesday.

Sony/ATV Music Publishing LLC, which is a joint venture between Sony and singer Michael Jackson's estate, announced in November that it and its partners — Mubadala Development Co. PJSC, Jynwel Capital Ltd., the Blackstone Group's GSO Capital Partners LP and billionaire record executive David Geffen — had agreed to purchase...
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