Reuters: Regulatory News: Warner Music wins EU okay for Parlophone buy

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Warner Music wins EU okay for Parlophone buy May 15th 2013, 09:45 BRUSSELS | Wed May 15, 2013 5:45am EDT BRUSSELS May 15 (Reuters) - Warner Music won EU regulatory approval on Wednesday to buy the Parlophone Label Group from Vivendi's Universal Music Group for 487 million pounds ($743.01 million). World No. 1 recorded music company Universal is selling Parlophone, whose artists include Coldplay and Daft Punk, to fulfil a promise to the European Commission for clearing its $1.9 billion buy of EMI's recorded music business. The EU antitrust authority said it did not see any competition issues from the Warner deal. Warner is owned by privately held Access Industries Inc.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions