British music label EMI seized; Universal Music takeover approved
EU regulators have officially approved a $1.2billion takeover of Universal – RE – EMI Music, a British record label that went down the tubes last year after being seized by its main creditor Citigroup.
Universal Music, according to SKY, must fork over some of its biggest music acts as part of the deal due to the fact that within the deal itself many of its other small labels must always go which are home to artists like Kylie Minogue, David Bowie, and other music icons.
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- EU OK’s Universal’s Purchase of British Label EMI (wqxr.org)
- EU OK’s Universal’s purchase of British label EMI (newsobserver.com)
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- EU OK’s Universal’s Purchase Of British Label EMI (npr.org)
