The Federal Trade Commission has weighed in, rubber stamping the EU’s decision to approve the Universal Music Group 1.2 billion euro acquisition of EMI, as expected. The Commission voted 5–0 to close its investigation without taking any action.
This bit makes us glad the Europeans forced the deal’s divestments to be worldwide:
… it seems the Federal Trade Commission would have approved the deal without Universal Music Group having to make any divestment concessions.
And, for nostalgia’s sake, a song from a group that Universal gets to keep…