Independent voices from the TWT Communities
EMI Group Ltd., the iconic British music company that is home to the Beatles, Coldplay and Katy Perry, is being split and sold for $4.1 billion.
EMI Group Ltd., the iconic British music company that is home to The Beatles, Coldplay and Katy Perry, is being split and sold for $4.1 billion.
Vivendi SA said Sunday it agreed to acquire Vodafone Group PLC's 44 percent stake in French mobile operator SFR for 7.95 billion euros ($11.3 billion).
Vivendi believes it is swooping in to buy a troubled asset at an "inflection point" in the music industry, Levy said.
Jean-Bernard Levy, CEO of Universal Music parent company Vivendi SA, told analysts on a conference call that he was "very confident" the deal would be approved in as little as 10 months.
