Warner Music: Europe validates an acquisition transaction


(CercleFinance.com) – The European Commission has cleared under EU Merger Regulation the acquisition of joint control of Influence x Music Fund II (the Initial Fund) by Warner Music (WMG), BlackRock Financial Management (BFM) and IMP GP (Influence Media), all located in the United States.

The Initial Fund invests in musical assets, in particular recording rights and music publishing rights.

WMG, a wholly-owned subsidiary of Warner Music Group, is active in the recorded music and music publishing industries.

BFM offers portfolio construction, asset management and investment advisory services.

Finally, Influence Media advises investment funds formed to invest capital by third parties in the acquisition of music royalty rights.

The Commission concluded that the proposed acquisition would not raise any competition concerns given the negligible activities of the Initial Fund in the European Economic Area.

Copyright © 2022 CercleFinance.com. All rights reserved.

Did you like this article ? Share it with your friends with the buttons below.

Facebook
Linkedin
E-mail





Source link -85