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TIME WARNER, EMI MERGER COLLAPSES

News, 05 October 2000


In the face of the European Commission’s demands for draconian disposal concessions by UK music company EMI, it and Time Warner have abandoned all plans to merge their respective Music Groups.

The decision will almost certainly remove one of the major hurdles for EC approval of the multi-billion dollar merger of Time Warner with America Online.

News source: Wall Street Journal