According to a report reviewed by the Reuters press service, the
European Commission believes that the proposed acquisition of Time
Warner Inc. by America Online Inc. would create a dominant company
that could impede competition.
According to Reuters, the Commission’s report, setting out its
preliminary findings, states that the merger, “would create a
dominant position in the markets for on-line music delivery, music
software, internet dial-up access, broadband internet access and
integrated broadband content as a result of which effective
competition would be significantly impeded in the common
market.”
Representatives of both companies will meet this week with the
Commission’s competition department to discuss the objections.
