financetom
Business
financetom
/
Business
/
Exclusive-EU antitrust regulators set to investigate Universal's Downtown deal, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-EU antitrust regulators set to investigate Universal's Downtown deal, sources say
Jul 16, 2025 1:52 AM

BRUSSELS (Reuters) -EU antitrust regulators are set to open a full-scale investigation into Universal Music Group unit Virgin Music Group's $775 million acquisition of Downtown Music because of concerns about its impact on competition, people with direct knowledge of the matter said.

Virgin had until Tuesday to offer remedies to address regulatory worries during the deal's review but did not provide them, according to an update on the European Commission website.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Iron ore dips on Chinese export woes, but resilient demand limits losses
Iron ore dips on Chinese export woes, but resilient demand limits losses
Feb 26, 2025
SINGAPORE (Reuters) -Iron ore futures prices closed lower on Thursday, pressured by escalating tariff measures against Chinese steel, though solid demand for the steel-making ingredient in top consumer China cushioned the downward trend.     The most-traded May iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0.8% lower at 805 yuan ($110.77) a metric ton.     The benchmark...
CoreWeave Eyes $4B IPO, Could File for U.S. Listing Within a Week: Bloomberg
CoreWeave Eyes $4B IPO, Could File for U.S. Listing Within a Week: Bloomberg
Feb 26, 2025
Artificial intelligence (AI) firm CoreWeave is planning to file for a public listing in the U.S. within a week, according to a Bloomberg report. The cloud computing firm wants to raise around $4 billion from the listing, the report said, citing people familiar with the matter. It is targeting a valuation of over $35 billion, the report added. CoreWeave was...
Wind turbine maker Nordex sees stronger second half after 2024 profit beats view
Wind turbine maker Nordex sees stronger second half after 2024 profit beats view
Feb 26, 2025
Feb 27 (Reuters) - German wind turbine maker Nordex reported full-year core earnings above analysts' estimates on Thursday. The company posted earnings before interest, tax, depreciation and amortisation (EBITDA) of 296 million euros ($309.79 million) in 2024, above analyst expectations of 284 million euros in a company-compiled consensus. With a 4.1% full-year EBITDA margin, Nordex slightly exceeded the top end...
India's contract drug makers seek government support in China fight
India's contract drug makers seek government support in China fight
Feb 26, 2025
* India's CRDMO sector could grow seven-fold by 2035: BCG * Sector gains as global firms try to diversify supply chain * Industry veterans push for more ease of doing business * Want faster import clearance, more drug warehouses By Rishika Sadam, Kashish Tandon and Bhanvi Satija HYDERABAD Feb 27 (Reuters) - India's contract drug makers have urged the government...
Copyright 2023-2026 - www.financetom.com All Rights Reserved