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Sony makes no concessions to EU regulators in $2.3 billion EMI music bid

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Staff Writer | Monday October 22, 2018 9:53AM ET
Sony
Acquisition   Sony expects unconditional approval

Sony has not offered concessions to European Union antitrust regulators reviewing its $2.3 billion offer for control of EMI to become the world’s largest music publisher.


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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’s preliminary assessment of the deal was Oct. 19. The EU executive’s 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 Oct. 26 at the end of its review.

 

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