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Citigroup Sells EMI in Parts for $4.1 Billion to Vivendi, Sony

Citigroup Inc. agreed to sell EMI Group’s recorded music and publishing businesses in separate transactions for a combined $4.1 billion.

Vivendi SA’s Universal Music Group will buy EMI’s record labels, home to Katy Perry and Coldplay, for 1.2 billion pounds ($1.9 billion), and a Sony Corp.-led group that includes billionaire David Geffen will pay $2.2 billion for the publishing unit, according to statements yesterday.