FTC Closes Its Investigation Into Sony/ATV Music Publishing's Proposed Acquisition of EMI Music Publishing
July 1, 2012
The Federal Trade Commission has closed its nonpublic investigation of Sony/ATV Music Publishing's proposed acquisition of EMI Music Publishing, without taking any action. Accordingly, the deal may now proceed as proposed. The Commission vote to close the investigation was 5-0. The closing letters to the companies can be found on the FTC's website and as a link to this press release. (FTC File No. 1210045)
Universal Music Group's planned $1.9 billion purchase of EMI's music labels is still under review by both the FTC and the European Commission.
FTC Closes Its Investigation Into Sony/ATV Music Publishing's Proposed Acquisition of EMI Music Publishing FTC approves Sony's EMI deal (The Hill) FTC Signs off on Sony's Purchase of EMI Music Publishing (National Journal)