Bloomberg News

EU Is Urged by Impala Trade Group to Reject Universal/EMI Deal

February 20, 2012

Feb. 20 (Bloomberg) -- The Impala trade group representing independent music companies called on the European Union to block plans by Vivendi SA’s Universal Music Group to buy EMI Group’s recorded-music business.

Impala expects an “outright rejection” of the deal by EU regulators, the group said today in an e-mailed statement. “Keeping the online market as open as possible is essential for competition,” Impala said.

The merger bid has been notified to EU competition authorities, Impala said.

--Editor: Jones Hayden

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net.

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net.


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