Mubadala aims to make sweet music with EMI purchase - The National

The hits of Frank Sinatra, David Bowie and Pink Floyd are part of a musical treasure trove worth more than US$2 billion (Dh7.34bn) being bid for by a consortium that includes Mubadala Development.

The involvement of the strategic investment company owned by the Abu Dhabi Government in the bid was revealed as Sony, the Japanese entertainment giant, sought EU approval for a $2.2bn purchase of EMI Group's publishing unit, a deal that would create the world's second-biggest music catalogue.

A spokeswoman for Mubadala confirmed the company's involvement in the deal.

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