EMI Split Up Between Rivals

Vivendi and its Universal Music Group subsidiary will acquire EMI's recorded music division for a total consideration of $US 1.9 billion, while EMI Publishing will be acquired for $US 2.2 billion by a consortium comprising Sony Corporation of America, the Estate of Michael Jackson, Mubadala Development Company PJSC, Jynwel Capital Ltd, the Blackstone Group's GSO Capital Partners LP and David Geffen. Sony/ATV Music Publishing will oversee EMI Music Publishing on behalf of the consortium.