SJ Berwin and Clifford Chance (CC) are among a host of firms to win roles as beleaguered music company EMI is split into two, with Universal Music set to take over the recording unit for £1.2bn and a Sony-led consortium bidding $2.2bn (£1.4bn) for the publishing business. EMI, home to artists including Pink Floyd, the Beatles and Blur, has been under Citigroup’s ownership since February this year when it took it over from buyout house Terra Firma.
November 16, 2011 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Citigroup sells recording arm to Universal Music as Sony bids for EMI’s publishing arm
SJ Berwin and Clifford Chance (CC) are among a host of firms to win roles as beleaguered music company EMI is split into two, with Universal Music set to take over the recording unit for £1.2bn and a Sony-led consortium bidding $2.2bn (£1.4bn) for the publishing business.
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