The EU has opened an antitrust investigation into Universal Music Group’s planned $2.1 billion acquisition of BMG Music Publishing. Officials say they should have an answer by April 27 (90 working days). The probe seems to be a ripple effect from a court ruling last July that said the EU wasn’t careful enough when it allowed the merger between Sony and BMG’s recorded music units. Some indie labels are protesting the proposed deal. From a statement issued Friday by the European Commission: “The Commission
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post