EU Reviews Universal Music Group's $775 Million Bid for Downtown
Universal Music Group notified the European Commission of its plan to buy Downtown Music for $775 million, triggering an investigation by the European Union's merger watchdog.
The commission set a July 22 deadline to decide whether it can approve the merger or if it raises competition concerns, according to the regulator's website. The companies filed their deal for the EU executive's review on Monday.
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16 minutes ago
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