BMG has today acquired the Mute catalogue from Universal for an undisclosed fee - the first completed divestment from the EMI Music buyout.

Universal acquired EMI Music for £1.2bn in September, but has been told by EC regulators that it must now sell assets including Sanctuary, EMI Classics and Parlophone minus the Beatles.

The Mute news comes on the same day that BMG confirms it has acquired publishing rights to Virgin and Famous Songs - a divestment from Sony/ATV's acquisition ...