The U.S. FTC and the EU Commission clear an acquisition on the market for recorded music (Universal Music Group / EMI Music)

European Commission and U.S. Federal Trade Commission clear Universal’s acquisition of EMI’s recorded music business* On 21 September 2012 both the European Commission ( “Commission” ) and the U.S. Federal Trade Commission ( “FTC” ) cleared the acquisition of EMI’s recorded music business by Universal. That merger brings together two of the four major global record companies. On 17 February 2012 Universal notified the Commission of its proposed acquisition of EMI’s recorded music business. On 23 March 2012 the Commission opened an in-depth investigation and on 19 June 2012 issued a statement of objections. Even though the sales of physical music, for

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  • DLA Piper Weiss-Tessbach (Vienna)

Quotation

Nicole Daniel, The U.S. FTC and the EU Commission clear an acquisition on the market for recorded music (Universal Music Group / EMI Music), 21 September 2012, e-Competitions Bulletin MFC clause, Art. N° 58431

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