Universal, BMG Merge Approval Imminent: Source

Law360, New York (April 18, 2007, 12:00 AM EDT) -- Universal Music Group may not have to wait much longer to buy BMG Music Publishing from Bertelsmann now that the EU antitrust officials reviewing the acquisition have reportedly backed the $2.1 billion marriage.

The positive recommendation follows offers by Universal to sell some publishing rights, insiders allegedly told the International Herald Tribune.

The proposal will be presented in the next few weeks to the European Commission, which is set to make the final decision on June 1.

When asked about the proposal, the Commission said its...
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