Sony to acquire EMI music publisher in US$1.9b deal

Sony to acquire EMI music publisher in US$1.9b deal

TOKYO: Japanese entertainment giant Sony on Tuesday (May 22) announced a deal to acquire the music publishing firm and record label EMI for a price of around US$1.9 billion.

Sony signed a deal with Abu Dhabi-based investment firm Mubadala to buy its 60 per cent holding in EMI, giving the Japanese firm an indirect stake of approximately 90 per cent, Sony said in a statement.

Source: AFP/de

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