Friday, July 14, 2006

A European Union court on Thursday tossed out the approval of the two-year-old merger that created Sony BMG and had blunt criticism for the regulators that endorsed the union.

For the first time in its history, the European Court of First Instance in Luxembourg entirely voided the approval of a company combination, plunging the music industry into confusion and casting a chill over the prospects for another alliance, between Warner Music and EMI Group.
Meanwhile, Microsoft copes with fines levied against it:
"In Europe, we don't have guidance that is anywhere near as concrete as in the United States," he said. "My worry is that we won't have clarity from the European regulators until it is too late, until just before Vista is scheduled to ship, and we won't be able to make changes. And then we'll be right back to debating the past, as we are now, instead of addressing these issues before the product is shipped.