UMG Notifies EU of $775M Downtown Deal, Triggering Antitrust Review
Universal Music Group has formally notified the European Commission of its intent to acquire Downtown Music Holdings for $775 million, triggering a regulatory review. Although the deal falls below the EU’s usual thresholds for antitrust scrutiny, authorities in the Netherlands and Austria referred it to the commission, which now must decide by July 22 whether the acquisition raises competition concerns or can move forward. Downtown Music Holdings owns several key […]
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