More UMG-EMI Feedback

MORE MERGERMANIA: UMG continues to meet with European Commission regulators today in Brussels to tweak their current divestment package following the EC’s market test, which concluded earlier this week. Sources close to discussions have said that a majority of those who participated in the survey either had no issue whatsoever with the divestment package or found it competitively sufficient. Expect UMG to add global rights to some of the divested assets, which the company has already planned for in their $1.9 billion acquisition of EMI’s record music division. Keep an eye here, as we’ll keep you posted as to further developments when they take place. The EC has until a self-imposed deadline of Sept. 27 to make their decision, but most expect it will come before then. (8/9p)