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.

Gulf News
Retail Gold Rate
Business Editor's choice
Quick Access

  1. Markets

  2. Economy

  3. Property

  4. Aviation

Business Top Stories

  1. Dubai’s property buyers chase value

  2. Building up a property portfolio from scratch

  3. UAE banks credit may grow 8-9% in 2014-15: S&P

  4. Sony warns of $2.14b annual loss

  5. Belgium seeks to boost tourist arrivals