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EU Reportedly Set to Approve Universal Music's Downtown Deal
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EU Reportedly Set to Approve Universal Music's Downtown Deal
Photo Credit: Tash Williams Despite facing considerable indie-sector criticism, Universal Music Group’s $775 million Downtown Music Holdings buyout is reportedly poised to receive EU approval. That’s according to outlets including Reuters, which cited “people with direct knowledge of the matter.” However, neither UMG nor the European Commission has commented publicly on the subject, and the latter entity is still scheduled to deliver its final d…
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