
Universal Music Group and its parent company French giant Vivendi will buy British music label EMI from US bank Citigroup for £1.2 billion (1.4 billion euros, $1.9 billion), Vivendi said Friday. EMI, home to a galaxy of stars including The Beatles, Coldplay and US pop starlet Katy Perry, was seized by main creditor Citigroup in February from its private equity owners.
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