Sony-Led Group Officially Buys EMI Publishing From Citi

EMI goes to a Sony-led group for $2.2 billion.

Updating an earlier post, Citigroup has officially agreed to sell EMI's publishing arm to a group of investors led by Sony for $2.2 billion.

According to the statement just issued by Sony, the group includes billionaire David Geffen, Mubadala Development Company, PJSC Jynwel Capital Limited, the Blackstone Group's GSO Capital Partners LP and the estate of Michael Jackson, which co-owns the Sony/ATV music catalog.

It's expected that Sony/ATV, led b...