EU Is Urged by Impala Trade Group to Reject Universal/EMI Deal

The Impala trade group representing independent music companies called on the European Union to block plans by Vivendi SA (VIV)’s Universal Music Group to buy EMI Group’s recorded-music business.

Impala expects an “outright rejection” of the deal by EU regulators, the group said today in an e-mailed statement. “Keeping the online market as open as possible is essential for competition,” Impala said.

The merger bid has been notified to EU competition authorities, Impala said.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.

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