EMI Models to become Offered to Universal Music, The new sony for $4.1 Billion

NY - In 2 deals worth $4.1 billion overall, Vivendi's Universal Group is placed to get EMI Group's recorded music division, while an organization brought by 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 is the owner of the U.K. music company, looks to obtain a better-than-expected cost within the planned purchase, that could be introduced afterwards Friday or over the past weekend, based on the paper. EMI artists range from the Beatles, Norah Johnson and Robbie Williams. EMI's recorded music arm is going to be offered to Universal Music for $1.9 billion, as the The new sony-brought group pays $2.2 billion for that music posting business, based on the Journal. Universal Music was formerly viewed as having to pay around $1.5 billion after Warner Music withdrew a $1.5 billion offer after talks stopped working with Citigroup. The posting arm was viewed as opting for around $2 billion, with BMG Privileges Management a vital competitor for The new sony within the putting in a bid process. Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects The new sony Vivendi Universal Group EMI The new sony Music