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Giants await US green light.
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- Author(s): Talbot, Martin
- Source:
Music Week. 7/31/2004, Issue 30, p4-5. 2p.
- Subject Terms:
- Additional Information
- Subject Terms:
- Abstract:
This article focuses on the possible merger of media giants Sony and BMG. They were waiting for the U.S. Federal Trade Commission (FTC) to remove the final obstacle in their progress towards merger. The European Commission notified the majors of its decision to green light the deal recently. Sources close to the deal indicated that the FTC may have been delaying its announcement to emphasize its independence from Europe. After informing Sony and BMG of its decision to give unconditional clearance to their merger last Monday, the European Commission made a formal announcement.
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