FTC, DOJ Clear Universal, Bertelsmann Deal

Law360, New York (November 15, 2006, 12:00 AM EST) -- The Federal Trade Commission and the Department of Justice have given antitrust approval to Vivendi’s Universal Music Group’s €1.63 billion purchase of BMG Music Publishing.

The deal still faces scrutiny by the European Union in the wake of a court ruling earlier this year that overturned the merger of Sony Corp. and BMG Music Publishing parent, Bertelsmann AG.

The FTC announced the approval Monday.

"We were confident that the regulatory authorities would find that the acquisition did not raise competition concerns, and we appreciate that the...
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