Sony, BMG to bid on EMI assets


Sony and BMG, onetime partners in one of the music world’s biggest mergers, are teaming up again on a bid to buy — and then divide between themselves — some of the recorded music assets of EMI, according to two people with direct knowledge of the talks between the companies.

The EMI assets are being sold by the Universal Music Group, which last year took over the company for $1.9 billion but is being required by the European Union to dispose of about a third of it to preserve competition.

The EMI labels up for sale include Parlophone, with acts like Coldplay and Gorillaz, along with EMI’s extensive classical catalog and other labels and subsidiaries across Europe.