21.09.2012 17:50 Uhr, Quelle: MacNN

Universal Music gets European approval to take over EMI

The European Commission approved Universal Music's takeover of EMI Music, though it required some concessions. Universal agreed to divest nearly one third of EMI assets, including its Parlophone flagship music label in Europe. There are other stipulations, such as agreeing to a set of market controls that dictate how Universal handles contracts with digital music services.

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