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) #
