EU Court Overturns OK of Sony-BMG Unit Merger
An AP newswire article by Aoife White, via The Washington Post, reports that:
An EU court overturned the European Commission's approval of the merger between the music units of Sony and Bertelsmann AG on Thursday, forcing the companies to request clearance for the deal again.More here.
Both Sony and BMG said they would study the ruling and discuss next steps with the commission, but did not believe the decision undermined their business.
posted by Fergie @ 7/14/2006 07:47:00 AM
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