The European Commission is planning to open a “full-scale” investigation into Universal Music Group‘s proposed acquisition of Downtown Music Holdings. That’s according to a report published by Reuters, citing “three people with direct knowledge of the matter.” UMG’s Virgin Music Group revealed in December that it had agreed to buy Downtown Music Holdings LLC in a $775 million deal.
Source: EU to launch ‘full-scale’ investigation into UMG’s $775m Downtown deal, Reuters reports