The deal ends years of speculation over the short video app’s future in America

Issues around competition and market functioning will be under the spotlight

The escalation centers on UMG’s ability to potentially access competitor data

Claims lack of evidence and “gerrymandered” statistics

A ‘statement of objections’ is due imminently

The live entertainment giant took stewardship of the festival last month

The suit was filed in the US District Court for the Southern District of New York

In a recent interview on Face the Nation, U.S. Treasury Secretary Scott Bessent suggested the deal is about to close