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# UPDATED: EMI In $4.1B Split Sale To Sony, UMG
- URL: https://www.hypebot.com/emi-nearing-split-sale-as-field-narrows/
- Published: 2011-11-11T11:11:00.000Z
- Updated: 2011-11-11T11:11:00.000Z
- Description: (UPDATE) Several major media outlets are confirming that Citigroup has chosen Sony and Universal as winners of an auction that totalled $4.1 billion for the publishing and recorded music divisions.. Continue reading [https://www.hypebot.com/hypebot/2011/11/emi-nearing-split-sale-as-field-narrows.htm
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 10:55

[![image from www.google.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e2015436cbe857970c-150wi "image from www.google.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2015436cbe857970c-popup?ref=hypebot.com)

(**UPDATE)** *Several major media outlets are confirming that *Citigroup* has chosen *Sony* and *Universal* as winners of an auction that totalled *$4.1 billion* for the publishing and recorded music divisions.*

The sale of **EMI**'s two divisions to separate buyers is [nearing](http://www.billboard.biz/bbbiz/industry/record-labels/emi-split-sale-approaches-but-complications-1005505172.story?ref=hypebot.com) completion, according to several sources. On the publishing side, a **Sony** led consortium has reportedly [closed](http://blogs.news.sky.com/kleinman/Post:a9c48edc-71df-4f93-be83-19839dd97545?ref=hypebot.com) a needed deal with GSO, the credit arm of **Blackstone**, to finance $500 million of the **$2.2 billion** rumored purchase price. Unless, BMG trumps the offer at the last minute, a deal could be announced as early as today.

**The Sale Of EMI's Recorded Music Division:**

Vivendi’s **Universal Music** is also expected to announce that it has agreed a **$1.9 billion** deal for EMI’s recorded music business, according to the [Financial Times](http://www.ft.com/cms/s/0/80efb2e0-0bfe-11e1-9861-00144feabdc0.html?ref=hypebot.com#axzz1dPFna8Jn). The deal, which would be a huge win for new UMG head **Lucian Grainge**, was reportedly struck after owner **Citigroup** agreed to take on EMI's pension liabilities.

**NOT SO FAST…**

But even before the ink is dry on any deal, **opposition is already mounting** in Brussels, as EU regulators encouraged by indie trade group Impala, worried that Universal is getting too big and too powerful. Some pecuslate that Vivendi may even have to **sell of some of its new assets** to gain EU approval, as well as, to assure credit rating agencies that the company is not over extended.