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Fact #23458

When:

11112011

Short story:

It is announced that EMI is to be bought in part by Vivendi/Universal and in part by Sony/ATV for a total of $4.1bn. EMI's recorded music division is to be sold to Vivendi/Universal Music Group for $1.9bn while EMI Publishing Group will be acquired by Sony/ATV - a joint venture between Sony Corp. and the Michael Jackson estate - for $2.2bn.