24 mar: UPDATE: Merck's Anticlotting Drug Effective In Certain P..
24 mar: GAIL To Sign Short-Term Pact To Source Liquefied Natural Gas For ..
24-03-2012 14:07:00

EU Opens In-Depth Investigation Into Universal Buy Of EMI

Relateret indhold

BRUSSELS -(Dow Jones)- The European Commission's antitrust arm will look in detail at the proposed acquisition by Vivendi SA's (VIV.FR) Universal Music Group of EMI's recorded music business, under the second phase of its merger review process, it said Friday.

"The commission's initial market investigation indicated that the proposed transaction may raise competition concerns in the wholesale of physical and digital recorded music in numerous member states as well as in the European Economic Area as a whole, particularly in light of the merged entity's high market shares and increased market power," the commission said.

The commission's competition arm now has 90 working days, until Aug. 8, to look into the planned $1.9 billion transaction, which would create a new entity with control of roughly 40% of the global recorded music market, according to some estimates. EMI is home to stars including Blur, Iron Maiden, The Beatles and Katy Perry.

The commission's vice president in charge of competition policy, Joaquin Almunia, said: "The proposed acquisition could reduce competition in the recorded music market to the detriment of European consumers. The commission needs to make sure that consumers continue to have access to a wide variety of music in different physical and digital formats at competitive conditions."

It can decide to allow the deal to go ahead, ask for Vivendi to make concessions such as disposals, or block it completely, as it did recently with Deutsche Boerse (DB1.XE) and NYSE Euronext's (NYX) proposed merger.

The initial investigation has already led those opposed to voice their concerns and lobby the commission.

Edgar Bronfman Jr., on his final day as chairman of Warner Music Group in January, said the deal is "problematic" and that "Warner is going to fight this tooth and nail." IMPALA, which represents independent music labels, has said it wants an "outright no" to the proposed tie-up, which would push up music prices.

Citigroup Inc. (C) agreed to split up and sell the legendary U.K. music company in November, having previously seized the company from former owner Terra Firma Capital. In a separate deal, it will sell the music publishing business to a consortium led by rival Sony/ATV for $2.2 billion.

-By Frances Robinson and Matina Stevis, Dow Jones Newswires; +32499646573; frances.robinson@dowjones.com

(END) Dow Jones Newswires

March 24, 2012 10:07 ET (14:07 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Aktier/ABG: Dalende oliepris er positiv for markederne

28-11-2014 16:06:56
Selv om flere selskaber lider på børserne fredag efter Opecs beslutning om ikke at sænke medlemslandenes produktion, er den faldende oliepris generelt godt for ..

Mærsk: Asien/Europa-rater dratter atter ned

28-11-2014 14:13:12
Fragtraterne på de store ruter mellem Asien og Europa daler for fjerde uge i streg. I denne uge faldt priserne med 8,7 pct. til 739 dollar per tyvefodscontainer..

Aktier/åbning: Billig olie sender Mærsk til bunden i rødt C20

28-11-2014 09:17:10
Det danske aktiemarked har fredag lagt svagt fra land. C20 Cap falder efter kort tid handel med 0,7 pct. til indeks 814,55. Torsdag endte C20 Cap-indekset margi..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Forsat prisfald for olien sender Mærsk i fokus
2
Mærsk/Berenberg: Alt for billig - potentiale på cirka 50 pct
3
Aktier/middag: Vestas, Carlsberg og Mærsk glider i olien
4
Carlsberg: Rubelstorm øget til næsten orkan
5
Schweiz kan sende guldprisen til himmels

Relaterede aktiekurser

Citigroup Inc 53,97 -0,3% Fald i aktiekurs
Vivendi 20,48 0,7% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
29. november 2014 08:24:10
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20141127.2 - EUROWEB6 - 2014-11-29 08:24:10 - 2014-11-29 08:24:10 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x