Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

EU resumes scrutiny of Universal's Downtown deal, sets February 6 deadline

Published by Global Banking and Finance Review

Posted on October 28, 2025

Featured image for article about Finance

BRUSSELS (Reuters) -EU antitrust regulators have resumed their investigation into Universal Music Group unit Virgin Music Group's $775-million bid for Downtown Music with a new deadline of February 6 for their decision, according to an update on the European Commission website.

The EU competition watchdog, which halted its scrutiny on September 2 while waiting for the companies to provide requested information, restarted the process on October 17.

It has said the deal may hamper competition and remove an important player, echoing concerns from independent labels which want the acquisition to be blocked.

(Reporting by Foo Yun CheeEditing by Tomasz Janowski)