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Universal Music is close to sealing a $1.5 bn-plus deal to buy EMI Music, home to acts including the Beatles and Coldplay, with owner Citigrouppushing for negotiations to be concluded by the weekend. #

The company is the only bidder still in the running to buy EMI's recorded music division after Warner Music, widely considered the favourite, took its $1.5bn (£944m) offer off the table after talks broke down with Citigroup. #

Meanwhile, there are believed to be two potential buyers for EMI's music publishing division, with reports that Sony/ATV has emerged as a rival bidder to BMG Rights Management, long seen as the frontrunner to pick up the $2bn business… … (more) #

Related articles

Universal Music Group Purchases EMI Music (rollingstone.com)
EMI sale edges closer after Universal closes in (guardian.co.uk)
Universal buys EMI for £1.2bn (telegraph.co.uk)
EMI music is sold to Universal. We're down to three major labels. (bbc.co.uk)
Universal, Sony win dual bids to buy EMI Group (latimesblogs.latimes.com)
Universal 'closing in' on £1.2bn EMI deal (telegraph.co.uk)


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