Universal Buying EMI Group For $4.1B

(LOS ANGELES) — EMI Group Ltd., home of The Beatles, Coldplay and Katy Perry, is being sold in two parts for $4.1 billion.
Universal Music Group said Friday that it has agreed to buy the recording division of EMI for 1.2 billion pounds ($1.9 billion).
Sony/ATV has reached a deal to buy the second part, the publishing division in charge of songwriting copyrights, for $2.2 billion, according to a person familiar with the matter.


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