The Freeland File
Global Market Data
Tales from the Trail
Lucy P. Marcus
David Cay Johnston
The Great Debate
Jack & Suzy Welch
Macro & Markets
Lipper Awards 2012
Personal Finance Video
Counterparties: Today's Best Links
Steve Jobs: The lost interviews
Newly unearthed interview tapes from veteran tech journalist Brent Schlender shed light on the early failures and motivations of the late Steve Jobs. Read more at Counterparties
Income inequality up during the recovery
How the Facebook-Instagram deal got done
Ted Nugent says Secret Service to quiz him about Obama remarks
18 Apr 2012
JetBlue pilot who had midair meltdown to plead insanity-filing
18 Apr 2012
Obama vs. Romney: Close, nasty and unpredictable
18 Apr 2012
India tests long-range missile; capable of reaching China
Human-made earthquakes reported in central U.S
17 Apr 2012
Trayvon Martin’s killer showed signs of injury: neighbors
Obama paid 20.5 pct tax rate in 2011: White House
North Korea launches rocket amid international condemnation
Hair regeneration study, a boost for the bald
Wed, Apr 18 2012
Panetta condemns latest photos of U.S. soldiers posing with dead Afghan insurgents
Wed, Apr 18 2012
Bill Gates to become comic book hero
Tue, Apr 17 2012
Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
Athletes around the world train for the upcoming London 2012 Olympics. Slideshow
Spanish families face eviction after being unable to pay their mortgages. Slideshow
Sony set to win EU approval for EMI deal: FT
Sony CEO wields ax, sets turnaround targets
Thu, Apr 12 2012
Sony sees record $6.4 billion loss on tax hit
Tue, Apr 10 2012
Sony to ax 10,000 jobs in turnaround bid: Nikkei
Mon, Apr 9 2012
EU probes Motorola after Microsoft, Apple complaints
Tue, Apr 3 2012
Sony group offers to sell catalogues to get EMI unit: sources
Mon, Apr 2 2012
Analysis & Opinion
Previewing e-books defense: No price-fixing, no harm to readers
Tennis, with strings attached
Global Deals Review: 2011 Q3 »
Global Deals Review: 2011 Q2 »
Global Deals Review »
Inflows Outflows »
The right hand of Sony Corp's new President and Chief Executive Officer Kazuo Hirai is seen above the company's logo during a news conference at the company headquarters in Tokyo April 12, 2012.
Credit: Reuters/Yuriko Nakao
Thu Apr 19, 2012 2:48am EDT
(Reuters) - A Sony-led group is set to win approval from European antitrust regulators for its $2.2 billion purchase of EMI's music publishing business, the Financial Times said, citing people involved in the negotiations.
Clearance from the EU Commission, the executive body which acts as the competition regulator for the 27-country European Union, would help Sony avoid the possibility of a longer review of the deal's antitrust implications, the newspaper said.
Sony had earlier offered concessions to the EU in a bid to gain approval for the planned acquisition that would see it become the biggest player in the sector.
Sony will sell EMI Music Publishing catalogues that generate about 25 million euros ($33 million) in annual revenue from songwriters such as Ozzy Osbourne, Culture Club and Tears for Fears, the Financial Times said.
A Commission spokesperson declined to comment to the Financial Times.
A European Commission press officer had no immediate comment when contacted by Reuters.
($1 = 0.7621 euros)
(Reporting by Ranjita Ganesan; Editing by Mark Potter)
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Related Quotes and News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Be the first to comment on reuters.com.
Add yours using the box above.
Back to top
New York Legal
Support & Contact
Connect with Reuters
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
About Thomson Reuters
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.