Universal Music to buy EMI's recorded music division for £1.2bn

World's biggest record company to buy home of Coldplay and the BeatlesUniversal Music, the world's biggest record company, is poised to announce the £1.2bn purchase of EMI's recorded music division, home to the Beatles, Coldplay and Tinie Tempah.The sale is the first part of the break-up of the 114-year-old British company, which is likely to be followed by the EMI's music publishing division, most likely to a consortium led by Sony for in excess of $2bn (£1.26bn).Although the enlarged Univers...

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