The UK Government has expressed its view on Universal’s proposed £1.2 billion acquisition of EMI Music.
Speaking at UK Trade & Investment’s Creative Business Summit yesterday, secretary of State for Culture, Olympics, Media and Sport Jeremy Hunt welcomed foreign investment to the UK’s creative industries but turned to Brussels when it came to the UMG/EMI deal specifically.
When asked about his thoughts on EMI Music moving under UMG’s French parent company Vivendi, Hunt said, “We have always welcomed foreign investment ...
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