The EC does have concerns with the sale however, with fears that the deal may lead to Universal being too powerful if purchasing the whole of EMI. Reports from the Sunday Times claim Universal will have to sell Parlophone records, host to Blur, Kylie Minogue and Coldplay, in order to appease commissioners.
Meetings will take place this week to approve the go-ahead for Universal buying EMI.
A deal is expected to take place during a commissioners’ meeting on Thursday and a public announcement will be disclosed later in the month. If all votes are passed, the deal has the possibility of being completed as soon as September 19.