News Videos
International Edition


May 27, 2017

Breaking News, World News and Taiwan News.
About Us
Contact Us

EU regulators to allow Universal Music Group to take over EMI in US$1.9 billion deal: sources

BRUSSELS -- EU regulators will allow Universal Music Group to go ahead with its US$1.9 billion takeover of EMI after Universal offered to sell global rights to EMI's most valuable record labels and catalogues, two people familiar with the deal said on Monday.

Universal, owned by French group Vivendi, proposed in July to sell the bulk of Parlophone, one of EMI's most prized assets, with stars such as Coldplay and marquee acts such as Queen, EMI Chief Executive Officer Roger Faxon told staff at the time.

The package of concessions also included the divestment of EMI Classics, Virgin Classics, EMI units in France, Belgium, the Czech Republic, Poland, Portugal, Sweden and Norway, and Universal brands Sanctuary, Co-Op and Universal's Greek unit.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive our promos
 Respond to this email
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search