Business | Investment

Vivendi’s Universal may sell Virgin to clinch EMI deal

Sale aimed at getting deal ratified by competition regulators

  • Bloomberg
  • Published: 15:00 July 15, 2012
  • Gulf News

London: Vivendi SA’s Universal Music Group may sell Virgin Records Ltd to aid the regulatory approval of its £1.2 billion (Dh6.9 billion) takeover of EMI Group, the Sunday Times reported, citing unnamed sources.

The Virgin sale will be part of a range of concessions that Universal will present to competition regulators at a meeting in Brussels this week, the newspaper reported. Universal declined to comment.

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