Universal's £1.2bn EMI takeover approved – with conditions

EC says music giant can buy rival only if it sells off labels that are home to Coldplay, Blur, Kylie Minogue and othersUniversal Music has been given the green light for its £1.2bn EMI takeover by the European Commission, but will have to sell off labels that bring in nearly a third of the British company's revenues – including recordings from Coldplay, Pink Floyd and David Bowie – in order to gain approval.Valuable EMI assets Universal will have to offload include the historic Parlophone r...

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