Music Industry - Bundeskartellamt Approves Merger of Bertelsmann Music Group with US Company Concord

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The Federal Cartel Office has approved the proposed merger of Bertelsmann's music subsidiary BMG with the US company Concord.

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Melodies for billions: The Federal Cartel Office approves the merger of Bertelsmann's music subsidiary BMG with the US competitor Concord. The merger creates one of the world's largest music companies with an estimated value in the double-digit billion range. Despite the enormous volume, the agency is justifying the release by the fact that the new joint venture remains in strong competition with even larger rivals. These include giants such as …