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EU sets July 5 deadline for Universal/EMI response: sources
Category: Various Date: July 16, 2012, 7:40 pm Feed: Yahoo Music
pa href="http://news.yahoo.com/eu-sets-july-5-deadline-universal-emi-response-130347829--sector.html"img src="http://l.yimg.com/bt/api/res/1.2/Lw4qmyO9iGEbTcNT7oszug--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2012-07-03T081206Z_1_CBRE8620MSR00_RTROPTP_2_CENTERTAINMENT-US-EMI-UNIVERSAL-EU.JPG" width="130" height="86" alt="A man enters EMI offices in west London" align="left" title="A man enters EMI offices in west London" border="0" //aBRUSSELS (Reuters) - Universal Music Group has been given two extra days to allay EU concerns on its planned purchase of an EMI unit, two people familiar with the matter said on Wednesday after regulators warned that the combined entity would hit competition. The European Commission, which has been assessing the $1.9 billion deal since February, had originally given Universal until July 3 to reply to concerns set out in a 194-page statement of objections sent last month. Vivendi-owned Universal requested an extension and has been given until Thursday night to respond, one of the persons said. .../pbr clear="all"/
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