Sunday, 13 November 2011

gulfnews : Mubadala now part-owner of EMI

Mubadala is now part-owner of the EMI library of music, which includes such popular artists as Rihanna and Norah Jones.

The Abu Dhabi-based company, the investment arm of the Abu Dhabi government, has confirmed to Gulf News that it was part of a consortium led by Sony/ATV — itself a a joint venture between Sony Corp and the Michael Jackson estate — that announced on Friday it would pay $2.2 billion for EMI's publishing division.

"We can confirm that Mubadala is participating in an investment consortium that together with Sony will acquire EMI Music Publishing. We will not be disclosing any further details on the transaction," a spokesman said.

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