Universal EMI deal to be passed

■ Universal Music’s drawn-out takeover of EMI is expected to be approved by the European Commission today, with the full extent of Universal’s concessions made clear.

The £1.2bn deal will come at a price, with Universal already making plans to auction off assets including Parlophone, home to Coldplay and Queen, and Virgin Records.

The deal, passed in Australia this week, also needs approval from the US Financial Services Authority