US, EU Sign Off On Universal's $1.9B EMI Buy

Law360, New York (September 21, 2012, 1:40 PM EDT) -- U.S. and European regulators said Friday they would allow the $1.9 billion purchase of EMI's recorded music business by Vivendi SA's Universal Music Group to go through, after Universal promised Europe's competition watchdog it would sell several assets.

The Federal Trade Commission and the European Commission released statements saying they had cleared the deal — which would combine two of the four largest record companies — with the FTC voting 5-0 to close its investigation into the acquisition, and the EC approving the purchase in light...
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