Commission approves UMG's acquisition of Downtown, subject to conditions

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition by Universal Music Group N.V. ('UMG') of Downtown Music Holdings LLC ('Downtown'). The approval is conditional upon full compliance with the commitments offered by the companies, which entail the full divestment of Downtown's royalty accounting platform Curve Royalty Systems, Ltd ('Curve'). The decision […]