Universal's Takeover of EMI Will Go Through
U.S. and European Regulators Approve Universal’s Purchase of EMI
By BEN SISARIO
Published: September 21, 2012
The New York Times
"For the Universal Music Group, months of uncertainty came to an end on Friday when it received regulatory clearance in Europe and the United States for its $1.9 billion takeover of EMI Music.Next week the deal is set to close, and Lucian Grainge, Universal’s chairman, plans to address the EMI staff in Los Angeles as its new leader.But serious questions about the deal remain to be answered, for Universal as well as for artists and consumers around the world."
"For the Universal Music Group, months of uncertainty came to an end on Friday when it received regulatory clearance in Europe and the United States for its $1.9 billion takeover of EMI Music.
Next week the deal is set to close, and Lucian Grainge, Universal’s chairman, plans to address the EMI staff in Los Angeles as its new leader.
But serious questions about the deal remain to be answered, for Universal as well as for artists and consumers around the world."
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http://www.nytimes.com/2012/09/22/business/global/universal-takeover-of-emi-music-is-approved.html?pagewanted=all&_moc.semityn.www
