Universal/EMI: US Senate urges 'careful FTC review'
US senators Herb Kohl and Mike Lee have co-signed a letter to the Federal Trade Commission in which they acknowledge that Universal’s proposed £1.2bn acquisition of EMI Music ‘presents significant competition issues that merit careful FTC review’.
In the letter to FTC chairman Jonathan Leibowitz, the two Senators recount the arguments heard at June’s Subcommittee on Antitrust, Competition Policy and Consumer Rights – attended by Beggars’ Martin Mills, Universal’s Lucian Grainge, Warner's Edgar Bronfman Jr., EMI’s Roger ...
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