General News

EMI and Bertelsmann merger off

By:
Dec 31, 1899 | 7:00pm EST

EMI Group Inc has halted merger talks with Bertelsmann AG, blaming tough European Union regulations, The Associated Press reports. Merger talks between EMI and Bertelsmann began in November. The merger would have created the world's largest recorded music company, with a market share of 26 percent.

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