The European Union on Monday approved the merger of Sony Music and Bertelsmann AG's BMG unit
Published:
20 July 2004 y., Tuesday
The European Union on Monday approved the merger of Sony Music and Bertelsmann AG's BMG unit in a deal that gives the four "majors" control of about 80 percent of the world music market, Bertelsmann said.
The EU's executive body, the European Commission, had been widely expected to endorse the decision of Mario Monti, the EU's competition commissioner, to approve the merger.
"The merger was approved without conditions," Bertelsmann spokesman Oliver Herrgesell said in a telephone interview.
Monti reversed his merger team's initial objections to the deal after two days of closed-door hearings in June with the companies and third parties, including independent labels and companies involved in the emerging legal market for online music downloading.
Bertelsmann said it is now looking forward to concentrating on the integration of the two companies.
Šaltinis:
story.news.yahoo.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
HP (NYSE:HPQ) today announced financial results for its first fiscal quarter ended Jan. 31, 2009, with net revenue of $28.8 billion, up 1% from a year earlier and up 4% when adjusted for the effects of currency.
more »
Saddled with an ongoing housing crisis, rising unemployment and an arguably flawed system of balancing the budget, California's "Golden dream" has turned a dismal shade of gray.
more »
ATM software provider Level Four Americas LLC found in a recent survey that 67 percent of U.S. adults who use financial institution with ATMs would be likely to switch FIs after an instance of ATM fraud or a data breach.
more »
As designers put the finishing touches to their collections ahead of this year New York fashion week, the recession is on everyone's minds.
more »
On February 17 - March 13 this year, AB Bank SNORAS distributes one-year bonds with the fixed 11 per cent annual return, which can be regained after keeping the bonds for at least 28 days.
more »
Europe's controversial fishing policy was under scrutiny Tuesday at a public hearing in Parliament about its future shape.
more »
The European Commission has approved, under EC Treaty state aid rules, a Swedish aid scheme intended to bolster the financing of the real economy by providing capital to banks.
more »
During the draw another five winners of the Danske Bankas monthly Scholarship award were announced.
more »
In the special action of Bank SNORAS the participating depositors were presented 12 monetary prizes whose value reaches from 1 up to 50 thousand Litas.
more »
Solid performance despite rapid economic slowdown.
more »