EU Commission Objects to Universal Music's Downtown Deal

Universal Hit With EU Objections Over $775M Downtown Acquisition

In UMG's $775 million Downtown deal, the EU has now issued formal objections, citing data-access risks and major competition concerns.

EU Commission objects to Universal Music's Downtown deal

The European Commission said today it had objected to Universal Music Group's $775m takeover of Downtown Music, out of competition concerns.

EU Issues UMG-Downtown Deal 'Statement of Objections'

Photo Credit: Universal + Downtown The European Commission has issued a “statement of objections” concerning Virgin Music Group’s proposed Downtown Music buyout, which the EU executive branch believes “may restrict competition in the market for the wholesale distribution of recorded music.” The EC just recently made that statement official, days after evidently well-placed sources pointed to an imminent development in the months-running investig…

EU Issues UMG-Downtown Deal 'Statement of Objections'

The European Commission has confirmed its 'statement of objections' concerning Universal Music Group's proposed Downtown acquisition.

EC sends UMG its statement of objections to Downtown acquisition

The European Commission has confirmed that it has concerns about Universal Music Group’s proposed acquisition of Downtown Music. The post is from Music Ally.

Commission sends Statement of Objections over proposed acquisition of Downtown by UMG - The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com European Union News

Commission sends Statement of Objections over proposed acquisition of Downtown by UMG The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com European Union News