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

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Universal Music Group’s $775 Million Acquisition of Downtown to Be Scrutinized by European Regulators
source : Variety ( Middle East ) () 29
After months of outcry from independent-music trade organizations, European regulators are officially preparing to investigate Universal Music Group‘s proposed $775 million acquisition of Downtown Music. The European Commission confirmed on Friday that it has accepted official requests from Austria and the Netherlands to examine the deal’s adherence to the EU Merger Regulation; UMG trades on Amsterdam-based Euronext. The news […]

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