Arab Today, arab today eu clears universal takeover of emi with conditions
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

EU clears Universal takeover of EMI with conditions

Arab Today, arab today

Arab Today, arab today EU clears Universal takeover of EMI with conditions

Brussels - AFP

The European Commission on Friday cleared Universal\'s $1.9 billion takeover of EMI\'s iconic recorded music division after it agreed to sell substantial parts of the business to meet competition issues. The Commission said the original deal had raised concerns that Universal with EMI would have had too much power over the terms it sets for digital platforms such as Spotify that distribute music direct to consumers.

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