EU clears Universal Music takeover of Downtown with conditions

Group 1 - The European Commission has approved Universal Music Group's acquisition of Downtown Music with conditions, specifically requiring UMG to divest Downtown's royalty accounting platform Curve for the deal valued at $775 million (approximately 653.9 million euros) to proceed [1][1][1] - Both Virgin Music, a unit of UMG, and Downtown Music have expressed their support for the Commission's decision [1][1]