EC pushes for more concessions in Universal/EMI negotiations - report
The European Commission has requested additions to Universal's initial package of proposed divestments if it is to approve the company's £1.2bn acquisition of EMI Music, according to reports.
Universal’s initial bid to win EC approval for the deal is reported to have contained a concessions package including the sale of Virgin Records from EMI along with EMI Classics and smaller chunks of music catalogues.
But The Guardian suggests that the EC requires further divestments in order to approve the deal.
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