Given the following market share distributions, the U.S. Antitrust Division blocked a merger of BMG and EMI in 2001, and the European Commission blocked a merger of Time Warner€™s music division and EMI in 2000. Analyze these decisions and present arguments both pro and con.

What else should be involved in such mergerpolicies?

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U.S. MARKET SHARES Vivendi Universal Sony BMG Time Warner EMI 20% Vivendi Universal 2096 Sony 15% EMI 13% Time Warner WORLD MARKET SHARE 21% 19% 13% 12% 12% 1196 BMG