Sony to A quire EMI Publishing for 1.9 Billion

[Eggsy 8,280]

Sony to acquire Mubadala's stake in EMI Music Publishing in $1.9 billion deal

Sony said its wholly-owned subsidiary, Sony Corporation of America, reached an agreement to buy all of the interest in EMI Music Publishing that is currently held by Mubadala's consortium.

Sony Corporation of America will acquire all of about 60.2 percent interest from the consortium for an acquisition price of approximately $1.9 billion.

Though the final purchase price is subject to customary closing adjustment, Sony said it expects to pay about $2.3 billion for the deal that would give the company a 90 percent indirect equity interest in the music publisher.

EMI Music Publishing owns or administers over two million songs, including classics by Queen and Carole King, as well as contemporary songs from Kanye West, Drake, Sam Smith and others

 

https://www.cnbc.com/2018/05/21/sony-to-buy-emi-music-publishing-from-abu-dhabis-mubadala.html

[ElectricAlley 1,737]

Ugh Sony is such a trash company. They’ve proved that with all they have put George Michael and Kesha through.

[RAMROD 109,304]

Oh well, good luck to all the current rosters. Some of them I listened to as well.

[Mirages 20,259]

2 hours ago, ElectricAlley said:

Ugh Sony is such a trash company. They’ve proved that with all they have put George Michael and Kesha through.

Let's not forget Mariah....