Sony completes partial acquisition of EMIThe Federal Trade Commission recently announced that Sony and other investors have completed a deal to buy a part of EMI Group Ltd., further transforming an industry that has seen its supply chain significantly transformed as music delivery has gone digital.

The British music company, which manages the rights to songs of popular artists such as Amy Winehouse, Regina Spektor and Rihanna, now will be handing over the music publishing side of the business to Sony.

The joint venture between the Sony Corporation and the Michael Jackson estate, and several other companies with interest in the music company, offered $2.2 billion in the deal in November for EMI Music Publishing, but there is no word of the final price of the acquisition.

The deal was cleared by EU regulators in April with pending conditions. Universal Music Group also has a pending deal to purchase the rest of EMI, which was placed on sale last summer by Citigroup.

According to reports, Sony is also looking to make an acquisition of Gaikai streaming video game service, which would change the PlayStation business significantly.
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