The Federal Trade Commission has closed its nonpublic investigation of the proposed acquisition by Vivendi, S.A., parent company of Universal Music Group, of EMI Recorded Music without taking any action, and Bureau of Competition Director Richard Feinstein has issued a related statement.
The Commission vote to close the investigation was 5-0. The closing letters to the companies can be found on the FTC's website and as a link to this press release. (FTC File No. 121-0044; the staff contact is Robert S. Tovsky, 202-326-2634)
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC's online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us on Twitter, and subscribe to press releases for the latest FTC news and resources.