EU clears Universal Music Group’s (UMG NA) USD 775mln Downtown acquisition, with conditions
The EU's conditional clearance for Universal Music Group's acquisition of Downtown signals a cautious approach towards consolidation in the entertainment sector.
Indian Deposit Growth YoY (Jan/23) Y/Y 12.5% (Prev. 10.6%)
PBoC Vice Governor pledges to increased financial exchange with other ASEAN nations
EU clears Universal Music Group’s (UMG NA) USD 775mln Downtown acquisition, with conditions
Next round of US-Ukraine-Russia talks to take place on 17-18th February 2026, RIA reports
US Secretary of State Rubio will meet China's Foreign Minister Wang Yi in Germany, on Friday
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- 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
Full divestment of Downtown's royalty accounting platform showcases regulatory sensitivity to competition concerns, likely influencing future M&A dynamics in media. Watch UMG's share performance and the broader market response to regulatory actions in this space, which could set precedence for similar deals.
Related headlines
- Newsquawk Daily Asia-Pac Opening News - 3rd September 202610 hours ago
- Newsquawk US Market Wrap: Stocks bid with yields and oil little changed12 hours ago
- Israel should not worry about a renewed war with Iran, reports Al Jazeera citing Trump to Israeli Broadcasting Corp15 hours ago
- [MARKET ANALYSIS] Crude takes a breather after a choppy mid-week; metals mixed25 min ago
- [MARKET ANALYSIS] Yields slip off best levels as energy benchmarks edge lower; JGBs in focus following a GPIF meeting and BoJ sources28 min ago
- EUROPEAN OPEN: EZJ LN & ITH LN join FTSE 100, ENT LN & PSN LN to leave; DTE GY faces Elliott push against TMUS merger; VOD LN to launch first UK TV service; SHEL LN acquires BP/ LN stakes in offshore blocks1 hour ago
- India's Trade Minister says final trade agreement between US and India will be published as soon as the US can provide India with tariff advantages 1 hour ago
- [MARKET ANALYSIS] Asia-Pac stocks took impetus from the rebound on Wall St as yields eased5 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Hanwha Ocean (042660 KS) won a KRW 1.55tln order from Taiwan’s Yang Ming Marine Transport to build six LNG dual-fuel container ships8 hours ago
- US FX WRAP: Yen surges on no headline catalyst, with Kiwi weighed post-RBNZ13 hours ago
- Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement44 min ago
- [MARKET ANALYSIS] JPY rallies against all G10 peers, most pronounced against USD into payrolls on Friday55 min ago
- Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output3 hours ago
- [MARKET ANALYSIS] Dollar is marginally softer with a mixed performance against major peers, while JPY continues its outperforms despite no obvious news catalysts5 hours ago
- US Ambassador to NATO Matthew Whitaker says Iran is a bankrupt country and will not be able to pay anyone in its military, civil service or government, nor subsidise its society8 hours ago
- [MARKET UPATE] Further JPY strength with EUR/JPY below 182, USD/JPY beneath 157 to a 156.63 base, surpassing 7th August low1 hour ago
- [MARKET UPDATE] Yen strength continues with USD/JPY below 157.50, EUR/JPY below 183.00 - no headline driver but traders cite increased BoJ hike bets2 hours ago
- UAE President received a phone call from US Presiednt Trump; the two discussed cooperation and developments in the Middle East, WAM reports2 hours ago
- PRE-MARKET INDIAN STOCKS NEWS: Oil and Natural Gas Corporation (ONGC IS) international investment arm sent a team to Venezuela to review assets after receiving clearance from the US5 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin with mild gains after the positive lead from Wall St, where the major indices recouped some of the recent losses as yields edge lower, while Trump said the renewed campaign against Iran would not continue for too long8 hours ago
The whole workspace, free to try.
Try it free