Universal and Sony reach deal to buy EMI for £2.5bn

Famous British name split into two in agreement that hands control of firm to biggest rivals, but regulatory obstacles remainEMI, probably the most famous corporate name in British music history, fell into the hands of its two largest rivals in two deals worth £2.5bn, a finale to a disastrous four-year period which saw the company loaded with debt by financier Guy Hands – and rejected by bands like the Rolling Stones.Universal Music, the world's biggest recorded music company, triumphed in an...

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