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UMG faces in-depth EU review into Downtown takeover

( July 22, 2025, 14:15 GMT | Official Statement) -- MLex Summary: Universal Music Group’s plan to take over independent music services company Downtown Music has drawn an in-depth investigation from the EU’s competition regulator. The European Commission voiced concerns UMG would gain “commercially sensitive data” from its rivals, enabling it to strengthen its already leading market position. Statement follows....

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