Tuesday, May 22, 2018

Sony Pays $2.3 Billion To Buy EMI Music Publishing

"The deal values EMI Music Publishing at $4.75 billion including debt, more than double the $2.2 billion value given in 2011 when a consortium led by Sony won bidding rights for the company. Sony, which has run the business since then, will buy a 60 percent stake owned by [UAE sovereign wealth fund] Mubadala Investment Company, lifting its ownership to around 90 percent from 30 percent currently."



Article source here:Arts Journal

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