Record companies

Universal and Sony Buy EMI for $4.1 Billion

One of Britain’s most famous record companies, EMI, has been bought in two deals with Sony and Vivendi’s Universal Music. The company will now be split into two divisions. Universal bought EMI’s recorded music group for $1.9 billion on Friday, while a group headed by Sony picked up EMI’s music publishing division for $2.2 billion.

Apple Close to Deals with Top Record Companies

It looks like Apple is closer than ever to launching its own music cloud service—with record label support.