Universal Music to Sell Three Catalogs in Preparation of EMI Purchase

By Karla Robinson
March 29, 2012

As Universal Music prepares its acquisition of EMI, the group is selling three music-publishing catalogs as well as real estate holdings in France and Germany.
The catalogs — classical, Christian and German schlager — have already attracted 12 bidders and may draw up to $200 million, according to a person with knowledge of the situation.
The proposed acquisition is still under investigation for antitrust concerns by the European Commission, which extended its decision deadline until August to allow for a more in-depth analysis.
“The commission’s initial investigation into the merger showed that the combined firm would be ‘almost twice the size of the next largest player’ on the EU market, the regulator said March 23,” reports Bloomberg.

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