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COULD THE EU BLOCK SONY/ATV’S $750M MICHAEL JACKSON DEAL?
JUNE 27, 2016, BY TIM INGHAM
The European Union’s antitrust regulators will rule within weeks over whether Sony is permitted to buy full control of Sony/ATV from the Michael Jackson Estate.
According to a new filing on the European Commission’s official site, the EU’s competition watchers will deliver their verdict on the deal by August 1.
Sony agreed to buy the Jackson Estate’s 50% stake in Sony/ATV for $750m earlier this year – a commercial pact signed and announced in March.
However, the acquisition is now being challenged by Warner Music Group and independent collective IMPALA in Europe.
Both of the...