International
EU investigates Warner/EMI merger
The European Commission has begun a four-month probe of the proposed merger between Time-Warner’s (TWX) music division and EMI Group Plc. The Commission said it was worried that the deal would create an oligopoly of four firms dominating the Western European record industry.
The European Commission has begun a four-month probe of the proposed merger between Time-Warner’s (TWX) music division and EMI Group Plc. The Commission said it was worried that the deal would create an oligopoly of four firms dominating the Western European record industry. The EC added that it was particularly concerned with music publishing and digital delivery of music via the Internet. Story to follow. -- Reuters