Source Says Universal Music, EU Regulators Scheduled to Discuss EMI Deal Thursday -Bloomberg

Date : 08/09/2012 @ 1:54PM
Source : Dow Jones News
Stock : Citigroup, Inc. (C)
Quote : 68.105  2.005 (3.03%) @ 2:20PM

Source Says Universal Music, EU Regulators Scheduled to Discuss EMI Deal Thursday -Bloomberg

Vivendi (EU:VIV)
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Vivendi SA's (VIV.FR) Universal Music Group was scheduled to meet European Union regulators Thursday to discuss Universal's proposed concessions related to its planned $1.9 billion purchase of EMI Music, Bloomberg News reported, citing a person familiar with the matter.

After European regulators had voiced objections to the deal, which would give Universal-EMI a market share of well over 40% in some countries, Universal proposed concessions that reportedly included the sale of Parlophone Records and other assets.

Full story at http://www.bloomberg.com/news/2012-08-09/universal-music-said-to-meet-regulators-amid-emi-cuts.html

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