Financial Times FT.com

Brussels clears Sony BMG merger

By Andrew Edgecliffe-Johnson in London and Andrew Bounds in Brussels

Published: October 3 2007 12:00 | Last updated: October 3 2007 13:18

The 2004 merger that created Sony BMG was cleared for a second time by the European Commission on Wednesday with no conditions, setting a precedent for other deals which could reduce the number of competitors in the recorded music industry from four to three.

Three years after one of Brussels’ most contentious merger rulings and almost 15 months after Europe’s Court of First Instance annulled the first clearance, the 337-page review found “no evidence of co-ordinated behaviour prior to the merger or as a result of it”.

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