AOL Offers EU Concession in Time Warner Bid

America Online Inc. offered concessions in a bid to win regulatory approval for its $143-billion purchase of Time Warner Inc., the European Commission said. It declined to make public what the company proposed. The executive arm of the 15-nation European Union will decide by June 19 whether to approve the merger or study it for another four months. Consumer groups have lobbied U.S. and European regulators to block the transaction, citing the combined company’s ability to collect data on consumers. America Online may have made concessions regarding the music business, because Time Warner also is seeking approval to buy London-based EMI Group and create the world’s largest record company, analysts said. Officials at America Online and Time Warner weren’t immediately available for comment. On the New York Stock Exchange, shares of Dulles, Va.-based America Online closed up 88 cents at $55.88, while New York-based Time Warner closed off 38 cents at $81.13.