“As the Universal Music / EMI deal enters its final phase of regulatory review in Europe, it has been reported that the European Commission will require Universal to sell the global rights to EMI’s leading music label Parlophone, which houses top talent including Coldplay and Kylie Minogue (UMG will likely be able to retain the global rights to The Beatles). This would mean that Universal would be required to sell a quarter of EMI (worth approx. £300 million) in order to be allowed to purchase the remainder for £1.2 billion.”

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