UMG’s Downtown Deal: European Commission Launches ‘In-Depth’ Second Phase of Investigation

Universal's $775 Million Downtown Deal May Hinder Competition, EU ...

UMG’s Downtown Deal: European Commission Launches ‘In-Depth’ Second Phase of Investigation

UMG's Downtown deal has hit another snag, as the European Commission announced it would launch a bigger investigation into the attempted acquisition.

Taylor Swift’s Universal Music probed by EU over purchase of indie competitor

BRUSSELS ― The European Commission announced it will launch a full-scale antitrust probe into Universal Music Group (UMG)’s proposed acquisition of Downtown Music over concerns that it will r…

Universal’s $775 Million Downtown Deal Hit by In-Depth EU Probe

Universal Music Group’s $775 million bid for Downtown Music Holdings faces a full-scale investigation by European Union watchdogs over concerns the deal could stifle the market for services to artists signed with independent labels.

channelnews : EU Launches Antitrust Probe into Universal’s $1.17bn Downtown Music Deal

The European Commission has launched a comprehensive antitrust investigation into Universal Music Group’s planned $1.17 billion acquisition of Downtown Music, the independent music services company, following concerns that the deal would concentrate excessive power in the hands of the industry’s dominant player. The commission began examining the transaction in April after receiving a referral from...