The great Abbey Road Studios is entering into the tech industry as it wanted not only to act as a recording studio but also as a music technology incubator. The plan was revealed by the Universal Music Group in a ceremony at the Studio 2 on Wednesday night. It will assure their continued reliability amidst technology era.

The battle over Brazil's telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi's Brazilian broadband business GVT.

Mergers under review by the European Commission and a brief guide to the EU merger process. The following are mergers under review by the European Commission and a brief guide to the EU merger process:APPROVALS AND WITHDRAWALS-- French insurer Euler Hermes and Spanish insurer Mapfre to set up a joint venture (approved Sept.

Universal Music Group will win EU approval for its $1.9 billion purchase of EMI. Universal Music Group will win EU approval for its $1. 9 billion purchase of EMI with its offer to sell global rights to some of EMI's most valuable record labels and catalogues, two people familiar with the deal said on Monday.

Vivendi's Universal Music Group will offer to sell three music labels belonging to takeover target EMI in a bid to ease EU regulatory concerns about the $1.9 billion deal.

EU antitrust regulators are expected to set out their objections to Universal Music Group's $1.9 billion bid for rival EMI's recorded music unit in the coming days.

Universal Music Group's bid to buy a big chunk of EMI stands to make the world's leading music company an even more formidable force.