European Commission Officially Launches 2nd Sony/BMG Investigation
March 1, 2007 at 5:39 PM (PT)
As ALL ACCESS hinted on TUESDAY (NET NEWS 2/27), the EUROPEAN COMMISSION today officially launched another in-depth investigation into SONY CORP. and BERTELSMANN AG's planned merger of their recorded music businesses.
The commission said it will use the added time to analyze more thoroughly "whether or not the merger strengthens or creates a dominant position in these relatively concentrated markets." It also said it will reevaluate the deal "in the light of current market conditions, taking into account developments since 2004, including the growing sales of online music."
A final decision is due by JULY 2.