NEW YORK: Charter Communications announced Tuesday it is acquiring rival Time Warner Cable to create a powerful new player in the US pay TV and broadband sector. The deal worth $55.3 billion plus debt comes weeks after Comcast abandoned a bid for TWC in the face of opposition from US antitrust regulators. Including debt, the transaction is valued at $78.7 billion.
The $4.1-billion deal calls for Universal to acquire EMI's recorded music division from Citigroup for $1.9 billion and Sony to acquire EMI's music publishing business for $2.2 billion.The century-old EMI Group music company has been split in two and sold for $4.1 billion to Universal Music Group and Sony Corp.
EMI Group Ltd., the iconic British music company that is home to The Beatles, Coldplay and Katy Perry, is being split and sold for $4.1 billion.The deals will open EMI's buyers, Universal Music and Sony/ATV, ...
Universal Music has again walked away from talks to strike a distribution agreement with EMI, a move that appears to end the British music company's effort to strike a deal that could help it stave off a debt default.