Sony holds strong on bid for EMI
Print Edition
Sony Corp has not offered concessions to European Union antitrust regulators reviewing its US$2.3 billion offer for control of EMI to become the world鈥檚 largest music publisher, the European Commission website showed yesterday.
EU antitrust regulators earlier this month asked rivals and users whether they think the Japanese group would use its greater market power to win better terms in digital media deals.
The deadline for proposed concessions in the European Commission鈥檚 preliminary assessment of the deal was last Friday. The EU executive鈥檚 website showed that Sony had not submitted any.
This could either mean Sony expects unconditional approval or for the commission to open a full-scale investigation on Friday at the end of its review.
Sony, which owns a 30 percent stake in EMI, wants to buy Mubadala Investment Co鈥檚 60 percent stake. In July, it acquired the estate of Michael Jackson鈥檚 minority share of EMI.
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