FTC reviewing EMI sell-off in US
Friday, Dec 23rd 2011 at 10:54AMThe New York post says that the FTC will look into both the sale of EMI Music to Universal and EMI Publishing to a consortium led by Sony/ATV.
A NYP source suggested the Justice Department was too busy reviewing AT&T's now-scrapped merger with T-Mobile, so the FTC had stepped in.
The European Commission is expected to review the sale in Europe.
EMI's recorded music division was sold to Universal by owner CitiGroup for $1.9bn last month. The Sony/ATV group snapped ...
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