Rumours: is EMI Music Publishing for sale for $3 billion?

Rumours: is EMI Music Publishing for sale for $3 billion?

<p>According to rumours and speculation, EMI Music Publishing could be about to be sold: indeed, it seems that some of its key shareholders are ready to sell the company for around $3bn.</p> <p>The "Sunday Telegraph", in the UK, reported:</p> <blockquote> <p>Some existing backers are keen to bail out.</p> </blockquote> <p>EMI Music Publishing was acquired in 2012 by a Sony-led consortium for $2.2bn, but Sony doesn't currently own a majority stake. Indeed the company only got 30% of EMI Music Publishing in the 2012 acquisition, with its then-partner in Sony/ATV, the Jackson Estate, acquiring a further 10%; the remaining 60% is in the hands of other finance partners, led by Mubadala Development Company, alongside Jynwel Capital, the Blackstone Group’s GSO Capital Partners LP and David Geffen.</p>