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EMI is to sell its music unit to Universal for £1.2bn

UK music firm EMI has said it will sell its recorded music unit for £1.2bn ($1.9bn) to Universal Music.

Reports have suggested that the other half of EMI's business - the lucrative music publishing unit - will go to a Sony-led consortium for more than $2bn.

Rory Cellan-Jones reports.

  • 11 Nov 2011