EMI Group sold as two separate pieces to Universal Music and Sony

Sat, 11/12/2011 - 01:00 EDT - LA Times

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. The absorption of the music giant leaves only three major record companies in control of an eroding industry.

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EMI Group sold as two separate pieces to Universal Music and Sony

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