EMI Models being Agreed to Universal Music, The brand new the new sony for $4.1 Billion

NY - By 50 Percent deals worth $4.1 billion overall, Vivendi's Universal Group is positioned to obtain EMI Group's recorded music division, while a business introduced through the new the new sony Corp.'s music unit will leave with EMI's music posting arm, barring last-minute problems, the Wall Street Journal reported Friday. Citigroup, which presently has the U.K. music company, looks to acquire a better-than-expected cost inside the planned purchase, that may be introduced later on Friday or in the last weekend, in line with the paper. EMI artists are the Beatles, Norah Manley and Robbie Williams. EMI's recorded music arm will probably be agreed to Universal Music for $1.9 billion, because the The brand new the new sony-introduced group pays $2.2 billion for your music posting business, in line with the Journal. Universal Music was formerly seen as needing to pay around $1.5 billion after Warner Music withdrew a $1.5 billion offer after talks eliminate with Citigroup. The posting arm was seen as choosing for approximately $2 billion, with BMG Rights Management an important competitor for that new the new sony inside the investing in an offer process. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects The brand new the new sony Vivendi Universal Group EMI The brand new the new sony Music