Home INDUSTRY NEWS Deal Done: Sony / EMI Music Publishing Merger Completed

Deal Done: Sony / EMI Music Publishing Merger Completed

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Sony / EMI Music Publishing Merger Completed

Sony has finished up its acquisition of EMI Music Publishing. The news was discovered in a filing with the SEC Wednesday.  The merger is expected to give Sony nearly $1.3 billion in revenue.

News of the comes about three weeks after the EU Commission gave the regulatory approval.

However, back in 2012, Sony and other investors acquired EMI Music Publishing for $2.2 billion dollars.  To finish the outright ownership deal that was valued at $4.75 billion dollars, Sony paid about $2.3 billion to buy out the other investor groups.

To get the deal done, Sony paid $287. to the Jackson estate for its nearly 10 percent share.  Sony also agreed to assume $1.359 billion in debt. According to the SEC filing, Sony said it paid off $960 million of that debt. $400 million in debt will be carried over to Sony’s balance sheet.

In total, Sony spent about $4 billion to acquire EMI Music.

 

 


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