Net News search results for: european commission
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March 28, 2012
Sony Offers EU Concessions In EMI Publishing Purchase
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 … more »
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March 28, 2012
California AG Looking At UMG/EMI Deal
As various agencies look at the affect of UNIVERSAL MUSIC GROUP's purchase of EMI MUSIC, another government is stepping into the inquiry, reports BUSINESSWEEK, which writes "CALIFORNIA Attorney General KAMALA HARRIS is probing the planned purchase … more »
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March 23, 2012
UMG Purchase Of EMI Grinding Through Regulatory Process, But Is There A Potential Problem Ahead?
THE NEW YORK POST reports, "UNIVERSAL MUSIC GROUP is preparing to sell overseas assets, including various music catalogs and real-estate holdings, to help fund its $1.9 billion planned purchase of rival EMI’s recorded music business." … more »
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March 16, 2012
EU Expected To Rule On UMG Purchase Of EMI Next Friday
THE FINANCIAL TIMES reports "UNIVERSAL MUSIC is to face a lengthy in-depth investigation into its $1.9 billion bid for EMI's record labels, as BRUSSELS explores concerns that the tie-up could unfavorably tilt the balance of power in the digital … more »
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March 8, 2012
FTC Asked To Scrutinize EMI Sale
The U.S. FEDERAL TRADE COMMISSION is being asked by a consumer advocacy group to scrutinize whether CITIGROUP's proposed sale of EMI GROUP’s music and publishing assets would hurt competition in the music industry, BLOOMBERG reports. PUBLIC … more »
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March 2, 2012
In Order To Buy EMI, UMG Starts Spinning Off 'Assets'
VIVENDI SA, looking to make it easier for regulators to approve its recent purchase of EMI MUSIC, has begun to spin off some UNIVERSAL MUSIC GROUP assets. The first order of business was the sale of its independent distribution arm, FONTANA, to … more »
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February 23, 2012
WMG Would Buy EMI If Deal With UMG Falls Through
While UNIVERSAL MUSIC GROUP won the bidding for EMI MUSIC, BLOOMBERG reports "LEN BLAVATNIK, the billionaire owner of WARNER MUSIC GROUP, hasn't given up pursuing EMI GROUP's recorded music unit as its sale to VIVENDI SA [UMG's parent company] is … more »
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February 17, 2012
Regulators Start Scrutinizing EMI Deals
The wheels of EMI split acquisition -- the music division to UMG, the publishing arm to SONY -- continue to slowly move on. FINANCIAL TIMES reports that UMG has officially delivered its submission to European competition authorities; SONY's offer is … more »
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November 28, 2011
Report: Facebook Planning Spring IPO
FACEBOOK is now in internal discussions with the SECURITIES AND EXCHANGE COMMISSION over when to hold an initial public offering of its stock. Sources tell THE WALL STREET JOURNAL that the likely dates for an IPO could be sometime between APRIL 2012 and … more »
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November 11, 2011
It's Official! UMG Buys EMI Music
It's official! VIVENDI's UNIVERSAL MUSIC GROUP (UMG), announced TODAY (11/11) that they have signed with CITIGROUP INC. a definitive agreement to purchase EMI's recorded music division for a total consideration of £1.2 billion (approximately $1.9 … more »