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Geffen Part of Sony/ATV Purchase of EMI Music?

THE OTHER SHOE: According to Sky News reporter Mark Kleinman, Citigroup’s sale of EMI Music Publishing to a Sony-led consortium for $2.2 billion includes the involvement of veteran entertainment mogul David Geffen. The sale was made with backing from GSO, the credit arm of Blackstone, a Malaysian sovereign wealth fund and Mubedala, the Abu Dhabi investor, who will hold a majority stake in the business. Geffen apparently added his own music industry expertise to the consortium, but it remains unclear whether he’ll have a formal role in running the combined companies, which are expected to come under Sony/ATV head Martin Bandier, who founded EMI’s publishing arm and now returns to front it. (11/11p)

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