EU antitrust regulators warn that Universal Music Group’s $775 million acquisition of Downtown Music could hinder competition. The deal, announced by Virgin Music Group, faces an in-depth investigation by the European Commission. Concerns include potential misuse of data and removal of a key competitor in the music industry. Virgin Music Group defends the deal but faces criticism from independent labels. The Commission aims to make a decision by November 26, with Downtown owning a major music publisher and other royalty-related businesses. Critics call for regulatory intervention to preserve competition and diversity.

Read more at Yahoo Finance: Universal’s $775 million Downtown deal may hinder competition, EU regulators warn