Sony Offers EU Concessions In EMI Publishing Purchase
March 28, 2012 at 5:52 AM (PT)
While much of the focus of the sale of EMI has been on the music side of the deal, with UMG buying EMI MUSIC, BUSINESSWEEK looks at the publishing side of the deal, and reports "A group of investors led by SONY has offered concessions to the EUROPEAN UNION to get approval for its deal to buy part of iconic British music company EMI."
The report notes the EUROPEAN COMMISSION did not make public details on the concessions SONY and the others had offered, but "they could include the sale of certain units or a commitment to change certain business practices."
SONY and the other investors said in a joint statement that they remained "confident that the transaction will be approved."