Published by Global Banking & Finance Review®
Posted on July 29, 2025
1 min readLast updated: January 22, 2026
The EU has extended the antitrust review deadline for Universal Music's $775 million acquisition of Downtown Music to December 10, after a request for more time.
BRUSSELS (Reuters) -EU antitrust regulators have extended their decision deadline on a $775-million bid by Universal Music Group unit Virgin Music Group for Downtown Music to December 10, after Universal asked for more time, the European Commission website showed.
The Commission, which acts as the EU competition enforcer, had originally set a November 26 deadline on the deal announced last December.
"The deadline for the Commission to take a decision in this case has been extended by 10 working days following a request from the notifying party," a Commission spokesperson said in an email.
The European Union antitrust watchdog kicked off a full-scale investigation into the deal last week, warning that it may hamper competition and remove an important competitor, a move likely to put pressure on Universal to offer remedies to address its concerns.
(Reporting by Foo Yun CheeEditing by Rod Nickel)
An antitrust review is a regulatory process that examines the potential effects of a merger or acquisition on market competition, ensuring that it does not create monopolies or harm consumers.
A corporate acquisition occurs when one company purchases another company, gaining control over its assets and operations, often to expand market reach or enhance capabilities.
The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and upholding EU treaties, including overseeing competition policy.
Explore more articles in the Headlines category
