23 mar: Markedsoversigt: Aktier og renter tog endnu en tur nedad
30 mar: Valuta: Euro-skeptikerne slår bak
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/middag: TDC topper indeks i både Danmark og Europa

20-01-2017 11:44:02
Salgsrygter om teleselskabet TDC får investorerne til at flokkes om aktien, der stiger med 4,2 pct. til 38,52 kr.Og det plus får selskabet til at toppe C20 Cap-..

Aktier/tendens: Tryg ventes i fokus i afdæmpet aktiestart

20-01-2017 08:22:49
Det danske aktiemarked har indstillet sigtekornet på en afdæmpet start på fredagens handel.Ganske vist faldt de amerikanske aktier en smule efter dansk lukketid..

Novozymes/Berenberg: Svære forhold skyder hul i historiske vækstrater

19-01-2017 12:30:06
Novozymes har opgivet at sætte udløbsdato på de langsigtede vækstmål. Selskabet har fortsat som ambition at fortsætte den historiske organiske salgsvækst på 6-7..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/strateg: Udsigt til godt aktieår i 2017
2
Torsdagens aktier: Jyske og Novozymes på den grønneste gren
3
Lauritz.com får nye klø efter nedjustering
4
Vestas-konkurrent henter store vindmølleordrer i Mexico
5
Danske Bank/Morgan Stanley: Løfter kursmål knap 10 pct.

Relaterede aktiekurser

Vivendi 17,97 1,9% Stigning i aktiekurs
Citigroup Inc 56,66 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2017  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
20. januar 2017 15:03:36
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: ReleaseCandidateBuild_20170119.1 - EUROWEB6 - 2017-01-20 15:03:36 - 2017-01-20 15:03:36 - 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