Munger, Tolles & Olson served as U.S. counsel to Vivendi and its subsidiary Universal Music Group in the purchase of EMI’s recorded music division from Citigroup Inc. The $1.9 billion deal was announced on November 11 and includes, among others, EMI artists Coldplay, Norah Jones and Katy Perry.
Jean-Bernard Lévy, CEO of Vivendi, stated “We are very proud to welcome EMI into the Vivendi family. We all respect the labels within EMI as well as the artists and employees who contribute to its success.” Lucian Grainge, Chairman & CEO of Universal Music Group, added “This is an historic acquisition for UMG and an important step in preserving the legacy of EMI Music.”
The deal is subject to approval by antitrust regulators in both the U.S. and Europe.
The Munger Tolles team includes corporate attorneys Mary Ann Todd and Maria Seferian, and antitrust attorneys Bradley S. Phillips and Stuart N. Senator.