EU resumes scrutiny of Universal's Downtown deal, sets February 6 deadline
Published by Global Banking and Finance Review
Posted on October 28, 2025
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Published by Global Banking and Finance Review
Posted on October 28, 2025
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)