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UMG, Sony in Talks to License EMI

 

HITS EXCLUSIVE!!

HANDS' HAIL MARY: UMG and Sony Music are both back in talks with EMI Music, discussing a reported five-year, $300 million licensing deal for North and South America that would enable Guy Hands' Terra Firma to remain in control of the company.  That's after the Wall Street Journal reported this morning that both were out of the running. Check out the full story here. (3/30p)

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