10 December 2006

EU - Commission opens in-depth investigation into Universal's take over of BMG's music business

(RAPID)
The European Commission has decided to open a full investigation under the EU Merger Regulation into the proposed acquisition of the music publishing business of Germany's Bertelsmann Music Group (BMG) by Universal, a US-subsidiary of the French company Vivendi. The Commission's initial market investigation indicates that the proposed merger would raise serious doubts as regards adverse effects on competition in the already concentrated music publishing market.