EU Regulators Formally Launch Investigation Into Universal Music’s Downtown Deal

EU regulators formally launch investigation into Universal Music’s Downtown deal

EU antitrust regulators have formally launched their investigation into Universal Music Group’s $775 million acquisition of Downtown Music, with a 22 Jul deadline to decide whether to clear the deal or open a deeper four-month probe, according to a European Commission filing on Tuesday.The formal investigation marks the beginning of the EC's assessment of the UMG/Downtown transaction. The Commission said at the end of April that it had “accepted…

IMPALA WELCOMES NEWS THAT EC IS FORMALLY STARTING THE INVESTIGATION INTO UMG’S ACQUISITION OF DOWNTOWN, URGES EC TO BLOCK OUTRIGHT

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