Universal Music's £1.2bn acquisition marks end of the road for EMI

The deal trumped an offer by rival company Warner Music and is the first part of the breakup of the British music majorUniversal Music has triumphed in the auction of EMI's recorded music division, home to the Beatles, Coldplay and Tinie Tempah, tabling a knockout offer of £1.2bn ($1.9bn).The deal is about $500m more than that offered to owner Citigroup by rival Warner Music, which pulled out of the running a week ago, and marks the end of the road for the British company as a music major.Frida...

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