Warner Music wins EU okay for Parlophone buy
BRUSSELS (Reuters) - Warner Music won EU regulatory approval on Wednesday to buy the Parlophone Label Group from Vivendi's (VIV.PA) Universal Music Group for 487 million pounds ($743.01 million).
World No. 1 recorded music company Universal is selling Parlophone, whose artists include Coldplay and Daft Punk, to fulfill a promise to the European Commission for clearing its $1.9 billion buy of EMI's recorded music business.
The EU antitrust authority said it did not see any competition issues from the Warner deal. Warner is owned by privately held Access Industries Inc.
($1 = 0.6554 British pounds)
(Reporting by Foo Yun Chee, editing by Robert-Jan Bartunek)
NEW YORK - Wall Street rose modestly at the open on Monday, supported by inflation data from China, but gains were likely to be capped with a number of top Federal Reserve officials speaking throughout the day.
SAN FRANCISCO - At Pinterest, the four-year-old online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male. | Video
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.