Home / FTC approves Sony's acquisition of part of EMI

FTC approves Sony's acquisition of part of EMI

My Fox Spokane Biz
FTC approves Sony's acquisition of part of EMI
Submitted by Fox First at Ten on June 29th

NEW YORK (AP) - The Federal Trade Commission says it has cleared a deal by Sony and other investors to buy part of the British music company EMI Group Ltd.
Sony/ATV, a joint venture between Sony Corp. and the Michael Jackson estate, and several investment funds including United Arab Emirates-based Mubadala Development Co. offered $2.2 billion in November for EMI Music's publishing businesses.
The deal was cleared by EU regulators in April, with some conditions.
EMI's publishing arm manages the rights to songs of popular artists such as Amy Winehouse, Regina Spektor and Rihanna.
Universal Music Group has a pending deal to buy the rest of EMI, which was put up for sale by Citigroup last summer. The bank had foreclosed on private-equity firm Terra Firma, which bought the music company in 2007.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Post new comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

More information about formatting options

Comments

Most Popular Stories

UPDATE: Missing Idaho Woman Found Safe

UPDATE: Missing Idaho Woman Found Safe
Submitted by Fox First at Ten on June 17th
UPDATE: According to the Facebook page set up to help find her, missing Sandpoint woman Rashelle Klontz has been found and she is safe. If we learn any additional information we will be sure to update this story.  Previous Coverage:  PASCO, Wash. - The Franklin County Sheriff's Office

UPDATE: Chas Clinic Armed Robbery In Spokane Valley; Suspect On The Loose

UPDATE: Chas Clinic Armed Robbery In Spokane Valley; Suspect On The Loose
Submitted by Fox First at Ten on June 17th
KHQ.COM - On Monday law enforcement officers responded to an armed robbery at the Chas Clinic at 10th & Pines in Spokane Valley. The suspect, who had a gun, is described to be in his early 20's with short brown hair and was wearing a surgical mask. The suspect got away from an unknown

US sees nothing new in NKorea talks offer

US sees nothing new in NKorea talks offer
Submitted by Fox First at Ten on June 17th
WASHINGTON (AP) - The State Department says it sees nothing new in North Korea's offer of high-level talks with the U.S. Spokeswoman Jen Psaki said Monday that Pyongyang has made similar offers numerous times over the years. She said Washington would be open to dialogue but it wants North Korea