The European Commission has approved Universal's $1.9bn (£1.2bn) takeover of EMI, albeit with strict conditions that include the divestment of Parlophone and other assets worldwide.

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Although it has approved the deal, the EC said it had concerns that the transaction, as initially notified, would have allowed Universal to significantly worsen the licencing terms it offered to digital platform that sell music to consumers. However, given the "substantial" commitments since offered by ...