Universal’s Virgin Music Group to Acquire Downtown Music for $775 Million

In a long-rumored move, Virgin Music Group, the independent music division of Universal Music Group, announced today it has entered into a definitive agreement to acquire Downtown Music Holdings LLC for $775 million (approximately €737 million). The acquisition, which is subject to regulatory approvals, is expected to close in the second half of 2025.  “Justin Kalifowitz, Andrew Bergman and Pieter Van Rijn have […]