Rivals add voice to EMI bid as regulators ask if Universal’s offer is satisfactory

| August 6, 2012 | 0 Comments

By
Daily Mail Reporter

16:26 EST, 5 August 2012

|

16:26 EST, 5 August 2012

Universal’s £1.2billion takeover of EMI has been dealt a blow after regulators asked rivals whether its offer to sell parts of its back catalogue is satisfactory.

European Commission regulators took the unusual step of sending questionnaires to music firms to ask whether disposals, including the European rights to Pink Floyd, would satisfy them.

The deal’s opponents have said a takeover of EMI would damage variety and competition in European music.

Music rights: Pink Floyd pictured in 1967

Music rights: Pink Floyd pictured in 1967

If regulators agree, the extra demands could ruin the logic of Universal’s bid.

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