Vivendi and Universal Music Group purchased EMI Music for $1.9 billion, the music group which includes labels like Virgin Records and Blue Note.

Vivendi and its subsidiary Universal Music Group have acquired EMI Music, one of the world’s largest music companies, which includes labels such as Virgin Records, Blue Note, and Capitol Records. The deal will take about 9-12 months, and EMI will continue its operations independently, working to preserve the honor of its artists, where the company’s focus has always been, according to CEO Roger Faxon.

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