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Sony and Warner to be Shut Out of Universal Sale
Monday, July 23, 2012 - 12:49pm | 360As Universal Music is planning to sell assets in order to push a $1.9 billion bid for EMI past regulators, the company hopes to court independent labels as buyers rather than big-buck rivals Sony Music (NYSE: SNE) and Warner Music Group. Back in March, the New York Times reported that Sony and...