Universal Music to sell Parlophone to Warner Music for 487 million pounds

UNIVERSAL-MUSIC-PARLOPHONE-WARNER:Universal Music to sell Parlophone to Warner Music for 487 million pounds

February 07, 2013 / 22:30 IST

REUTERS - Vivendi SA's Universal Music Group said it has agreed to sell its Parlophone Label Group to Warner Music Group for 487 million pounds.

Parlophone Label's artists include Air, Coldplay, David Guetta and Iron Maiden.

Warner Music Group is owned by privately held Access Industries Inc.

(Reporting by Neha Alawadhi in Bangalore; Editing by Supriya Kurane)

first published: Feb 7, 2013 10:30 pm

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