Music. Abu Dhabi’s Mubadala Investment Company is selling its 60% equity interest in EMI Music Publishing to Sony Corporation of America “based on an enterprise value of $4.75bn”. The $2.3bn deal gives Sony approximately 90% of EMI, which becomes a consolidated subsidiary. The remaining equity is held by the estate of former pop star Michael Jackson.
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Sony buys majority stake in EMI Music for $2.3bn
