Michael Jackson estate/Sony/ATV, others to buy EMI publishing for $2.2B
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http://www.businessweek.com/ap/financialnews/D9QUQUE02.htm<br /><br /><br />A consortium led by Sony/ATV, a joint venture between Sony Corp. and the Michael Jackson estate, says it is buying the music copyright division of EMI Group Ltd., for $2.2 billion.<br /><br />Earlier Friday, Vivendi SA's Universal Music Group said it was buying EMI's recording division for $1.9 billion.<br /><br />Citigroup is selling the British music company after taking it over in February when private equity firm Terra Firma defaulted on its debts.<br /><br />EMI's copyright division has copyrights to 1.3 million songs and manages the works of such artists as Rihanna, Norah Jones, Beyonce and Alicia Keys.<br /><br />Sony/ATV, which has a catalog of 750,000 songs, is a 38 percent partner in the consortium, according to a person familiar with the situation. The person was not authorized to speak publicly and requested anonymity.
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