May 21, 2004 • 1 min read

EU runs late on merger statement

The European Commission's statement of objections on the BMG Sony merger has been delayed to next week, with the final decision due on 22 July.

The European Commission's statement of objections against the proposed BMG Sony merger will now be released next week - it was due out on Wednesday but the EU's competition people were running a bit behind, and are now off on a long weekend!

Commenting on the delay a BMG spokesman said yesterday: "We understand there is delay due to matters internal to the Commission and that this does not bear in any negative way on the merits of our case. We are expecting a Statement of Objections, and are prepared to receive and respond to it. We look forward to addressing any remaining concerns identified by the Commission."

The two majors will have a fortnight to respond to the objections. The Commission will then make its final decision on whether or not to let the merger go ahead on 22 Jul (bank holiday breaks permitting).

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