Universal is buying Downtown Music for a whopping $775 million, via its Virgin Music Group stalking horse. The transaction will greatly boost the major’s distribution market share, and is almost certain...

After Dutch regulators referred UMG’s Downtown deal to the European Commission, an MEP who chairs a key economic committee has now formally flagged her concerns about the transaction to the Commission...

EU opens in-depth investigation into UMG's $775m Downtown deal (Music Business Worldwide)The European Commission has opened an in-depth investigation into Universal Music Group‘s proposed acquisition of Downtown Music Holdings.The EC said in a press release on July 22 that it "has preliminary concerns that the transaction may allow UMG to reduce competition in the wholesale market for the distribution of recorded music in the European Economic Area (EEA) by acquiring commercially sensitive data

Lucian Grainge addressed the ongoing EU investigation on the company's proposed acquisition of Downtown Music Holdings, saying "we remain confident that the transaction will will pass that review and ...

Statement of Objections issued by the EC represents a formal escalation in the investigation into the transaction…

European Union antitrust enforcers kicked off an in-depth probe Tuesday into Universal Music Group's bid to buy Downtown Music Holdings, raising concerns that the $775 million transaction could give UMG access to the "commercially sensitive data of its rival record labels" held by Downtown.

European Union antitrust enforcers kicked off an in-depth probe Tuesday into Universal Music Group's bid to buy Downtown Music Holdings, raising concerns that the $775 million transaction could give UMG access to the "commercially sensitive data of its rival record labels" held by Downtown.

Statement of Objections issued by the EC represents a formal escalation in the investigation into the transaction…

European Union antitrust enforcers kicked off an in-depth probe Tuesday into Universal Music Group's bid to buy Downtown Music Holdings, raising concerns that the $775 million transaction could give UMG access to the "commercially sensitive data of its rival record labels" held by Downtown.