U.S. set to approve Universal's purchase of EMI labels - SOURCE
WASHINGTON, Sept 21
WASHINGTON, Sept 21 (Reuters) - Universal Music Group will receive U.S. antitrust approval for its $1.9 billion purchase of EMI labels without conditions on Friday, according to a source close to the transaction.
In Brussels, the European Commission gave Vivendi's Universal Music Group approval for the transaction but required asset sales worth about $350 million.
Once Universal wins approval from the U.S. Federal Trade Commission, it will be able to close the deal.
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