Federal Trade Commission Approves Universal-EMI* On September 21, 2012 the FTC announced that it had closed its investigation of Universal Music Group’s acquisition of EMI’s recorded music division. The Commission will not seek any concessions or take other action. Elsewhere I’ve written and said that I think the merger is probably awfully anticompetitive and that it should be blocked completely. A few thoughts. From any older-fashioned structuralist, Philadelphia-National-Bank sort of perspective, the merger looks pretty illegal. It is in effect a world-wide 4-to-3. In U.S. markets the existing concentration and the increase in concentration are well in the range of likely anticompetitive effect under the traditional Merger Guidelines approach. Frankly, if I were Queen, that would
The US FTC closes investigation and clears merger in the market of commercial distribution of recorded music (Universal Music Group / EMI Music)
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