Label Merger Worries Antitrust Regulators: Report

Law360, New York (November 28, 2006, 12:00 AM EST) -- The European Commission is planning to launch an in-depth investigation into Universal Music Group's planned acquisition of the BMG Music publishing business, according to a published report.

European Commission officials told Universal's lawyers at a Tuesday meeting in Brussels that they are worried the deal could create a monopoly in the music business, Dow Jones reported, citing an unnamed source.

The report could not be independently verified at the time of publication.

The deal has come under additional scrutiny in the wake of a court ruling...
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