EXCLUSIVE: Universal will shed Parlophone in UK - but keep The Beatles

Music Week can confirm Universal's final proposed package of European divestments related to its £1.2bn takeover of EMI - revealed in a leaked internal memo from EMI boss Roger Faxon.

Universal submitted its final remedies package to the EC earlier this afternoon.

This bundle is yet to be scrutinised ('market tested') by third-parties and potential competitors, but shows what assets a combined UMG/EMI would be willing to sacrifice in order to bring its market power to a level deemed appropriate ...

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