EU gives green light to Sony-BMG music tie-up, again

BRUSSELS, Oct 3, 2007 (AFP) - EU competition regulators gave Wednesday a new green light to a recorded music joint venture between Sony Music and Germany's BMG, after a court ordered a reassessment of the merger.

The European Commission decided that the creation of Sony BMG, a joint venture combining the music businesses of Sony and Bertelsmann 'would not create or strengthen a dominant or collectively dominant position in the music markets.'

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