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Universal Music’s Downtown deal wins EU approval with divestment condition

By Andrew Boyce and Nicholas Hirst ( February 13, 2026, 10:46 GMT | Insight) -- Universal Music Group has secured EU approval for its Downtown takeover, after agreeing to divest royalties-collection platform Curve. UMG, the world’s largest recorded music company, agreed to buy Downtown, which provides publishing, distribution and other music services, for $775 million in 2024.Universal Music Group has secured EU approval for its Downtown takeover, after agreeing to divest royalties-collection platform Curve....

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