UMG submits EMI divestment package, 'fully addresses EU concerns'
Universal Music Group has submitted its package of divestments to the European Commission in a bid to push its proposed £1.2bn acquisition of EMI Music past regulators.
UMG issued a statement confirming the submission as well expressing confidence that the deal will go through, believing that “the package fully addresses the Commission’s concerns.”
The full statement is as follows:
"Universal Music Group has submitted a package of remedies to the European Commission relating to its proposed acquisition of EMI ...
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