NEWS The EU wants to block the consolidation of the music giants, according to Reuters, so that it can be more comfortable with the US ISP merger with the entertainment conglomerate. The EU has not formally rejected EMI and Warner Music remedies to make the merger more palatable, but it is unlikely Brussels will accept the deal unless the companies increase their commitment to competitiveness.
EU may block EMI/Warner Music merger
The merger between EMI and Warner Music may be blocked even though the AOL/Time Warner alliance looks set to go through.
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