EU May Lodge Antitrust Charges In $2B EMI/Universal Deal

Law360, New York (June 8, 2012, 10:38 PM EDT) -- The European Commission may file charges against the proposed $1.9 billion merger of Universal Music Group and EMI Group Ltd.’s music unit, as the commission’s competition chief said Friday that it is moving forward in its investigation.

Universal said in a statement Friday that the company expects to receive a "statement of objections" from the regulator.

The EU's competition chief Joaquin Almunia said in a speech in Switzerland that the commission is getting ready to "move to the next stage in our proceedings" after opening an...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.