CMA clears Sony’s acquisition of AWAL* The CMA has cleared Sony’s acquisition of AWAL, an ‘artist and label’ (A&L) services provider, following an in-depth merger inquiry. The Competition and Markets Authority (CMA) referred the merger to an in-depth Phase 2 inquiry in September 2021, after identifying competition concerns during its initial Phase 1 investigation. In February 2022 the CMA provisionally concluded that the deal does not substantially reduce competition in the UK and may not be expected to do so in the future. Following a consultation that ended on 4 March 2022, the CMA has upheld its provisional findings and cleared the deal. Sony is one of the three major record labels active in the UK today, along with
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The UK Competition Authority unconditionally clears a Phase II merger between a major record label and an "artist and label" services provider (AWAL / Sony)
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