April 2013
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Universal/EMI deal approved by Japanese regulators
12th July 2012
Source: Billboard.biz
Japanese regulators have approved Universal Music Group's $1.9 billion acquisition of EMI Music, making it the second country to do so after the New Zealand Commerce Commission announced that they would permit the deal late last month.
A statement from a Universal Music rep said that, "We can confirm that the Japanese Fair Trade Commission has unconditionally approved UMG's proposed acquisition of EMI Recorded Music. We are continuing to work constructively with regulators in other jurisdictions, and look forward to clearance elsewhere in due course."
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