{"id":30854,"date":"2025-07-29T21:03:12","date_gmt":"2025-07-29T21:03:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/30854\/"},"modified":"2025-07-29T21:03:12","modified_gmt":"2025-07-29T21:03:12","slug":"eu-deadline-on-downtown-deal-extended-to-december-10-after-universal-asks-for-more-time","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/30854\/","title":{"rendered":"EU deadline on Downtown deal extended to December 10 after Universal asks for more time"},"content":{"rendered":"\n<p class=\"yf-1090901\">BRUSSELS (Reuters) -EU antitrust regulators have extended their decision deadline on a $775-million bid by Universal Music Group unit Virgin Music Group for Downtown Music to December 10, after Universal asked for more time, the European Commission website showed.<\/p>\n<p class=\"yf-1090901\">The Commission, which acts as the EU competition enforcer, had originally set a November 26 deadline on the deal announced last December.<\/p>\n<p class=\"yf-1090901\">&#8220;The deadline for the Commission to take a decision in this case has been extended by 10 working days following a request from the notifying party,&#8221; a Commission spokesperson said in an email.<\/p>\n<p class=\"yf-1090901\">The European Union antitrust watchdog kicked off a full-scale investigation into the deal last week, warning that it may hamper competition and remove an important competitor, a move likely to put pressure on Universal to offer remedies to address its concerns.<\/p>\n<p class=\"yf-1090901\">(Reporting by Foo Yun CheeEditing by Rod Nickel)<\/p>\n","protected":false},"excerpt":{"rendered":"BRUSSELS (Reuters) -EU antitrust regulators have extended their decision deadline on a $775-million bid by Universal Music Group&hellip;\n","protected":false},"author":2,"featured_media":30855,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[29022,64,63,99,29024,29020,164,29021,29023,29018,29019],"class_list":["post-30854","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-antitrust-regulators","tag-au","tag-australia","tag-business","tag-deadline","tag-downtown-music","tag-economy","tag-european-commission","tag-the-commission","tag-universal-music-group","tag-virgin-music-group"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/30854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=30854"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/30854\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/30855"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=30854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=30854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=30854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}