Universal Music Group Set to Acquire EMI Unit – NYTimes.com

6:41 p.m. | Updated

Vivendi, the French media and telecommunications company, has agreed to acquire the recorded music division of the EMI Group for 1.2 billion pounds, or about $1.9 billion.

The agreement means that the EMI record label, whose artists include the Beatles and Coldplay, will be under the same corporate umbrella as the Universal Music Group, the world’s largest music company.

via Universal Music Group Set to Acquire EMI Unit – NYTimes.com.