Universal Music Wins U.S. Approval to Buy EMI Recorded Music

Universal Music Wins U.S. Approval to Buy EMI Recorded Music

Chris Ratcliffe/Bloomberg

Antitrust approval for the transaction comes almost a year after Vivendi SA's Universal Music Group agreed to buy London-based EMI Groups’s recorded unit from Citigroup Inc. for 1.2 billion pounds ($1.95 billion), effectively ending more than 80 years of business at EMI.