UMG’s Downtown Deal: European Commission Launches ‘In-Depth’ Second Phase of Investigation

Universal's $775 Million Downtown Deal May Hinder Competition, EU ...

UMG’s Downtown Deal: European Commission Launches ‘In-Depth’ Second Phase of Investigation

UMG's Downtown deal has hit another snag, as the European Commission announced it would launch a bigger investigation into the attempted acquisition.

Taylor Swift’s Universal Music probed by EU over purchase of indie competitor

BRUSSELS ― The European Commission announced it will launch a full-scale antitrust probe into Universal Music Group (UMG)’s proposed acquisition of Downtown Music over concerns that it will r…

Universal’s $775 Million Downtown Deal Hit by In-Depth EU Probe

Universal Music Group’s $775 million bid for Downtown Music Holdings faces a full-scale investigation by European Union watchdogs over concerns the deal could stifle the market for services to artists signed with independent labels.

“There comes a point when big is too big” says IMPALA boss as EU launches full UMG competition investigation

The independent sector has welcomed the news that the European Commission has launched a more in-depth phase two investigation into Universal Music’s acquisition of Downtown Music Holdings. That follows an initial analysis of the deal by European Union competition regulators that began last month. According to Helen Smith, Executive Chair of pan-European indie label trade group IMPALA, the decision to launch the more in-depth investigation “conf…