Is Warner Music Buying Believe? Board Green-Lights WMG Offer Following French Securities Commission Ruling The music industry might be on the verge of witnessing a significant consolidation as Warner Music Group (WMG) takes a substantial step towards acquiring Believe, a prominent digital music company based in France. This development follows a recent ruling by the […]
The concern at the heart of the regulatory challenge was the risk of market consolidation that could potentially harm competition. Such acquisitions often raise eyebrows, as they have the potential to limit consumer choices and stifle innovation by smaller players. France’s Autorité de la Concurrence, the country’s competition authority, has been particularly vigilant in ensuring a balanced ecosystem that nurtures both creativity and competition.
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