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The size of the divestment package is unclear, but it may exceed $500 million.
The divestment package that the European Commission agreed to will include those pieces with some additions, as well as global rights.
On Friday, the commission signed off on the Universal Music Group's $1.9 billion bid for EMI's record labels, but only after months of talks and an extensive divestment package that requires selling off the rights to some of EMI's most prominent labels and artists.
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■ It said it would be open to selling SABMiller's assets in the Czech Republic, Hungary, Poland, Romania and Slovakia as part of a package of divestments to win approval from European regulators.
It is understood that the EC rejected Universal's initial package of proposed divestments, which would have resulted in it offloading Virgin Records, home to the Spice Girls, and other smaller parts of its artist roster and recorded music catalogues to win approval for the purchase.
It was then spun off in 2009 as part of a divestment agreement struck with the European Commission to help give RBS a bail-out package during the banking crisis.
The President has packaged our retreat from the world in the guise of a new strategy to mask his divestment of our military and national defense.
Divestment works.
What will divestment do?
Divestment does matter.
Divestment is dramatic.
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