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Taylor Swift’s Universal Music probed by EU over purchase of indie competitor (www.politico.eu)

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BRUSSELS ― The European Commission announced it will launch a full-scale antitrust probe into Universal Music Group (UMG)’s proposed acquisition of Downtown Music over concerns that it will restrict competition in the music industry. The deal involves UMG’s Virgin Music Group acquiring key assets of Downtown, including distributor FUGA and digital distribution service CD Baby. […]

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