Sens. Urge Antitrust Probe Of Universal-EMI Deal

Law360, New York (August 3, 2012, 4:12 PM EDT) -- The chairman and ranking member of a Senate antitrust subcommittee warned the chairman of the Federal Trade Commission on Friday that the pending $1.9 billion acquisition of EMI Group by Universal Music Group raised significant competition concerns.

In a letter to FTC Chairman Jon Leibowitz, Sens. Herb Kohl, D-Wis., and Mike Lee, R-Utah, said that while their subcommittee hadn't reached any judgment with respect to the legality of the proposed deal under antitrust laws, they nevertheless encouraged the chairman to carefully scrutinize the proposed merger to...
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