EU set to probe Universal’s planned acquisition of Downtown Music

Universal Music Group’s $775 Million Acquisition of Downtown to Be Scrutinized by European Regulators

European regulators are officially preparing to investigate Universal Music Group‘s proposed $775 million acquisition of Downtown Music.

Universal’s $775 Million Downtown Music Bid Set for EU Probe

Universal Music Group’s $775 million bid for Downtown Music Holdings LLC faces an investigation by the European Union’s deals watchdog due to concerns the plan could stifle competition for services to artists signed with independent labels.

EU set to probe Universal’s planned acquisition of Downtown Music

Independent labels have urged competition authorities to block the deal as they say it would make the music giant too dominant

EU to Review Universal Music Group's Downtown Acquisition

The European Commission is now reviewing the proposed Universal Music Group buyout of Downtown Music Holdings. Photo Credit: Guillaume Périgois Following ample competition-related criticism and a couple investigation referrals, the European Commission has moved “to examine” Universal Music Group’s proposed Downtown buyout. The EU executive arm just recently made the inquiry official, weeks after receiving the mentioned referrals from competition…

EU competition regulator to investigate Universal’s Downtown deal

The independent music community has welcomed the news that European Union competition regulators will investigate Universal Music’s deal to buy Downtown Music. The indie sector has been calling for such an investigation ever since the deal was announced, urging the EU regulator to block the transaction on competition law grounds. Announcing the investigation earlier today, the European Commission said that this transaction “threatens to signific…

The European Commission may investigate the deal for the acquisition of Universal Music Group of the music services company Downtown MusicThe European Commission plans to investigate the acquisition of the company Downtown Music by Universal Music for $ 775 million. Independent companies believe that it would give Universal too much power.