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EU approves merger of BMG, Sony music units: No conditions imposed.

The America's Intelligence Wire

| July 20, 2004 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Post)

Byline: ALEKSANDAR VASOVIC

FRANKFURT - The European Union approved without any conditions the merger of BMG and Sony Music, both music companies said yesterday, one day ahead of a planned announcement from competition authorities.

Combining the recorded music businesses of Bertelsmann AG and Sony Corp. will create the world's second-largest music company, behind Vivendi's Universal Music, with revenue of US$4.5-billion to US$5-billion.

The company is slated to be named Sony BMG and will include a wide array of artists, including Aerosmith, Beyonce and Britney Spears. The proposed merger does not include the music…

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