Rumors of EMI Music Publishing wanting to sell popped up last year but more recently they became louder. According to Bloomberg (and their anonymous sources) some of the company’s shareholders are actively seeking a $4 billion valuation. EMI Music Publishing controls a catalog of over 2 million songs, according to Sony Music.
The shareholder looking for the multi-billion dollar valuation is Mubadala Investment Co. The company is part of a consortium which owns 60% of EMI Music Publishing. The consortium wants to exercise an option that either sees Sony buy back its holding, or allow a sale to someone else.
According to Music Business Worldwide:
Bloomberg reports that Sony Corp has already held preliminary talks with Mubadala about acquiring the company, ahead of a formal sale process which is permitted to begin from the end of June.
Sony originally picked up 30% of EMI in 2012, while Michael Jackson’s Estate picked up the other 10%. Sony’s holdings have reached almost 40% after is acquired the Jackson Estate’s holdings in a $750 million deal.