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Technology Stocks : CDNow (CDNW) -- Ignore unavailable to you. Want to Upgrade?

To: dr.putty who wrote (1426)	12/22/1999 12:10:00 PM
From: dabadabadoo	Read Replies (1) \| Respond to of 1465

FWIW: i see in the ongoing status of mergers (under yahoo/cdnw...)that today is an important date in the CH,CDNW merger. however, i don't know its significance. anybody know? i just happen to look at RB and picked up the probable answer: (courtesy of Damen off of Reuters) EU clears merger of U.S. music clubs Reuters Story - December 22, 1999 06:11 BRUSSELS, Dec 22 (Reuters) - The European Commission said on Wednesday it had given its regulatory approval to a takeover of Internet music retailer CDnow Inc by Sony Corp and Time Warner Inc (TWX.N>. CDNow will subsequently be merged with Time Warner and Sony's jointly held Columbia House. The Commission said in a statement there would be no creation or strengthening of a dominant position. It noted Time Warner and Sony would need to continue selling music and home video products through other third party distributors and retailers worldwide. The EU executive said CDNow will become a subsidiary if a new corporation Holdco, which will be jointly controlled by Time Warner and Sony. CDNow's share of the market in which it operates, is low, as are those of Time Warner and Sony, it added.