Mubadala To Sell EMI Music Publishing Stake

Sony Corp takes aim at catalog of 2.1m songs

- Yuji Nakamura

Sony Corp. is buying EMI Music Publishing, getting its hands on a catalog of 2.1 million songs from Beyonce, Carole King and other artists as it embarks on a new growth plan built on content and services.

The Japanese company will buy about 60 percent equity interest from a consortium led by Abu Dhabi’s Mubadala Investment Co. for about $2 billion, Sony said in a statement. The Tokyo-based company already owns almost 40 percent of EMI, operates the business and had been in talks to buy the library for the past few months.