Universal/EMI: Now US clears deal
US regulators have followed their EC counterparts and given clearance to Universal's £1.2bn takeover of EMI Music.
The Federal Trade Commission has taken no further action in terms of divestments, meaning Universal only need sell off assets as agreed with the EC.
These represent 10% of combined company revenues and approximately 30% of EMI's global revenues. They include Parlophone worldwide - but UMG will retain rights to The Beatles catalogue.
The FTC vote to close the investigation was unanimous - ...
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