Parlophone Label Group sold - sources
Parlophone Label Group has been sold as a complete unit by Universal, Music Week understands. An official announcement with more details is due later this afternoon, say industry sources.
It is currently unclear which of the known bidders - including Warner Music Group, Fuller/Blackwell and a joint bid from Sony and BMG - will acquire the company.
PLG is expected to fetch a price tag of around $500m (£300m+).
Parlophone Label Group is an amalgamation of Parlophone and other divestments ...
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