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
EU Antitrust Review of Universal's Downtown Music Acquisition Resumes
EU Antitrust Investigation Overview
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.
Background of the Deal
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.
Concerns from Independent Labels
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.
New Investigation Timeline
(Reporting by Foo Yun CheeEditing by Tomasz Janowski)


