EU competition regulator to probe Universal's planned takover of EMI

Concerns by rivals that Universal could dominate the music market if £1.2bn deal goes ahead may be justifiedThe European Union's competition regulator has launched an in-depth probe of Universal Music Group's planned acquisition of part of British music company EMI, home to the Beatles, Coldplay and Katy Perry.Universal Music, which is owned by the French media company Vivendi, announced in November that it would buy EMI's recorded-music division for £1.2bn.At the same time, a consortium led b...

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