Dylan Jones News
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Universal Music Group’s bid for EMI Group’s recorded-music business faces a formal antitrust complaint from European Union regulators amid concerns the deal could harm competition in the digital music industry.
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Facebook Inc., the biggest social- networking service, made an offer for AOL Inc.’s patent portfolio before losing out to Microsoft Corp.’s $1.06 billion bid, two people with knowledge of the matter said.
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A Sony Corp.-led group won European Union approval for its $2.2 billion purchase of EMI Group’s music publishing unit after it agreed to sell rights to chart hits by Robbie Williams and Ozzy Osbourne.
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Prosecutors asked a judge to dismiss all criminal charges against Dominique Strauss-Kahn, the former International Monetary Fund chief accused of sexual assaulting a hotel maid who lied to authorities about some details of her life and the case.
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Rivals and customers of Vivendi SA’s Universal Music Group were asked by European Union regulators whether the company’s acquisition of EMI Group’s recorded music business would allow it to increase prices.
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EMI Group Ltd. won a partial victory in a copyright lawsuit against the online music storage site MP3tunes LLC, which was found liable for contributory infringement.
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EMI Music Publishing set the initial interest rate it will pay on a $1.05 billion term loan to support its acquisition by Sony Corp., according to a person with knowledge of the matter.
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The U.S. Congress is on pace to deliver a sweeping re-write of Wall Street’s rules to President Barack Obama by July 4, meeting the deadline lawmakers set for themselves.
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Warner Music Group owner Len Blavatnik withdrew his bid for EMI Group’s recorded music business after failing to agree on a price with owner Citigroup Inc., two people with knowledge of the situation said.
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For potential bidders circling EMI Group Ltd., the takeover of Warner Music Group Corp. may have doubled the price tag for the money-losing music label that was seized by its creditor just six months ago.
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