EU moves against Universal-EMI deal

Universal Music Group said it received a statement of objections from the European Union's antitrust regulator over its bid to buy EMI.

The complaint does not necessarily mean the European Commission will block the deal, but it could force the companies to make concessions. A Universal spokesman said the company is preparing a "detailed response to the commission's statement." In the United States, the Federal Trade Commission is currently reviewing the transaction. The Senate Judiciary’s subcommittee on Antitrust, Competition Policy and Consumer Rights will examine the deal at a hearing on June 21.