Thumbs-Up Comes with Conditions.
Published:
12 October 2000 y., Thursday
The European Union’s executive body conditionally approved America Online’s $129 billion acquisition of Time Warner yesterday, removing a major obstacle in the proposed combination between the world’s largest Internet and media companies.
Under terms of the approval, AOL and Time Warner agreed that they will not muscle out rivals from the emerging media and entertainment markets, the European Commission said in a statement. EU authorities made quick progress on the issue after Time Warner last week dropped a separate joint venture plan with EMI Group of Britain, which would have created a major music company. European regulators had strongly opposed that deal.
The executive agency of the 15-nation European Union said that AOL, the world’s top Internet service provide with more than 24 million members worldwide, is to sever its structural links with German media giant Bertelsmann AG. The companies jointly own AOL Europe.
That move will prevent online giant AOL “from having access to Europe’s leading source of music publishing rights, thereby eliminating the risk of dominance in the emerging markets for online delivery of music over the Internet and software-based music players,” it said. The companies also have provided guarantees that they will not unfairly discriminate against other companies that provide Internet content or within the music industry. With the guarantees, the 20-member European Commission voted to approve the deal at its weekly meeting, two weeks ahead of its Oct. 24 deadline.
Šaltinis:
ABC News
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Software company announced new structure_ of it_s business.
more »
Confirming rumors that surfaced over the weekend, Apple has started selling the unlocked version of the iPhone 4 in Apple Retail stores.
more »
You didn’t expect Anonymous to take the recent Spanish police action against them lying down, did you?
more »
The era of foldable touch screens is rapidly approaching, with scientists in Taiwan leading the charge to develop computer and cell phone screens that can folded away or rolled up for storage.
more »
During the exibition „Technology Open House 2011“ japanese creators of technologies presented the automatic system, which can translate words into the finger language.
more »
China has warned Google that its business could suffer if it continues to suggest that Chinese spies have been targeting the emails of United States' officials.
more »
South Korea is showing off what it says is the world's first totally eco-friendly business building, a structure that emits zero carbon and uses only renewable energy.
more »
Facebook founder Mark Zuckerberg has said that an alleged contract and e-mails that a New York man claims entitle him to a 50% stake in the social networking site are "forgeries".
more »
The growing popularity of tablets has seen many new players enter the market.
more »
Anthony Weiner, a Democratic congressman, has claimed his Twitter account was hacked after a photograph of a bulging pair of underpants was sent to a follower. Here are some of the most memorable social networking 'hacks'...
more »
Hace China have compromised personal e-mail accounts of hundreds of top US officials, military personnel and journalists, Google has said.
more »