The European Union has approved the merger of Sony Music and Bertelsmann AG’s BMG unit in a deal that gives the four “majors” control of about 80% of the world music market, Bertelsmann said last night.

The European Union has approved the merger of Sony Music and Bertelsmann AG’s BMG unit in a deal that gives the four “majors” control of about 80% of the world music market, Bertelsmann said tonight.