Court Overturns Approval Of Sony BMG Merger

Law360, New York (July 13, 2006, 12:00 AM EDT) -- In a scorching indictment of the European Commission's merger reviews, a Luxembourg-based court has set aside the approval of a merger between two titans that control one third of the world's music market.

The decision by the Luxembourg-based European Court of First Instance sent the shares of music publishers into a tailspin as analysts pondered whether other planned mergers would now face insurmountable antitrust challenges.

But it also put a stark spotlight on the European Commission's merger review process, with the Luxembourg court questioning what it...
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