Universal Music Said to Win FTC Approval for EMI Deal
Vivendi SA (VIV)’s Universal Music Group will win approval from the U.S. Federal Trade Commission today to buy the recorded-music business of EMI Group, according to two people familiar with the matter.
The FTC will approve the transaction with the same conditions agreed to earlier today by European Union regulators, said the people, who declined to be identified because the decision isn’t yet public. Universal agreed to sell about a third of EMI assets to cut the group’s combined market share.
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