EMI, BMG Merger In Doubt
EMI Group, the world’s fifth-biggest music company, and Bertelsmann’s BMG music unit may call off merger talks, reports said on Monday. EMI’s labels represent popular artists such as the Spice Girls,Ã Fat Boy Slim, and Radiohead. BMG’s artists include Whitney Houston, David Bowie, and Christina Aguilera. Both companies continue to talk but are awaiting merger conditions from the European Commission early this week. Those conditions could mean that the combined group may have to sell businesses to get regulator approval. Talks to form the world’s biggest music company have been ongoing for the last six months and have at times… Read more »
