Universal Music Group is in talks to sell most of Parlophone as
it looks to address EU concerns over its proposed acquisition of
EMI Group Ltd.'s recording arm, of which Parlophone is part, the
Financial Times reported Thursday on its website, citing unnamed
people familiar with the situation.
BMG, a joint venture between Bertelsmann and Kohlberg Kravis
Roberts & Co, has met Universal and expressed an interest in
Parlophone, the FT cited the people as saying.
Universal's consideration of a sale of the bulk of Parlophone is
in place of an original offer to sell several smaller labels, the
FT reported. It would retaining some high-profile artists such as
the Beatles, the report said.
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