Word is that chiefs at BMG are sounding out the opinions of key members of the European Commission with regards a merger between the German based major and Warner Music. Warners want reassurance the deal won't hit on regulatory problems before pursuing talks any further. When their attempted merger with EMI got blocked by the EU a few years back Warners were left with an expensive bill to foot for all the pre-merger legal and accounting work that already been done.
May 22, 2003
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1 min read
BMG checking out regulatory situation for merger
BMG is reportedly sounding out European Commission members about a possible merger with Warner Music before Warners pursue talks.