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Competition Regulators Approve V2 Sale
The Office of Fair Trading in the UK has approved Universal's acquisition of leading independent V2 label despite criticism from independent label's trade body AIM that the takeover narrows consumer choice in the UK. The Office of Fair Trading in the UK has approved Universal's acquisition of leading independent V2 label despite criticism from independent label's trade body AIM that the takeover narrows consumer choice in the UK. It also looks likely that almost all of V2's staff will be made redundant with just a handful moving over to Universal. V2's current label roster inlcudes Aimee Mann, Heather Nova, Mercury Rev, Black Crowes, Stereophonics, Billy Crawford, Josh Ritter, Ray Davies, the Rakes, Bloc Party, Lethal Bizzle, Paul Weller and the Dave Matthews Band
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