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Vivendi Mulls Virgin Records Sale To Clinch EMI Deal - Report

LONDON--Vivendi SA's (VIV.FR) Universal Music Group is mulling selling Virgin Records Ltd. to aid the regulatory approval of its GBP1.2 billion ($1.9 billion) takeover of EMI's (EMIG.YY) recorded music division from Citigroup Inc. (C), The Sunday Times, citing unnamed sources, and The Mail On Sunday, without citing sources, reported. The Virgin sale will be part of a range of concessions that Universal will present to European Union competition regulators at a meeting this week, The Sunday Times said. EU authorities have launched an in-depth probe into the deal, which would give Universal/EMI a 40% market share. Universal was immediately unavailable for comment. Newspaper Web site: http://www.timesonline.co.uk Newspaper Web site: http://www.dailymail.co.uk -London Bureau, Dow Jones Newswires; +44 (0)20 7842 9320

Stock News for Citigroup (C)
DateTimeHeadline
04/17/201516:36:49Citigroup Upgraded at TheStreet (C)
04/17/201513:00:43Keefe, Bruyette & Woods Raises Citigroup Price Target to $63.00...
04/17/201510:29:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/17/201505:50:07European Prices Fall for Fourth Month
04/16/201521:26:42Fed Is Expected to Shift on Muni Bonds
04/16/201519:21:50Big-Bank Profit Engines Accelerate
04/16/201517:07:36U.S. Stocks Edge Lower
04/16/201517:01:35MARKET SNAPSHOT: U.S. Stocks Finish Lower Amid Mixed Economic...
04/16/201515:45:20Citigroup's Earnings Improve, Top Estimates -- 5th Update
04/16/201515:17:32U.S. Stocks Trade Higher
04/16/201514:35:51MARKET SNAPSHOT: U.S. Stocks Edge Higher Amid Mixed Economic...
04/16/201514:35:07MARKET SNAPSHOT: U.S. Stocks Edge Higher As Economic Data, Earnings...
04/16/201514:09:10Citigroup's Earnings Improve, Top Estimates -- 4th Update
04/16/201512:33:46Citigroup's Earnings Improve, Top Estimates -- 3rd Update
04/16/201512:32:22U.S. Stocks Slip Amid Declines in European Markets
04/16/201512:18:49MARKET SNAPSHOT: U.S. Stocks Wrestle With Mixed Economic Data...
04/16/201511:45:25MARKET SNAPSHOT: U.S. Stocks Wrestle With Mixed Economic Data...
04/16/201511:19:55MARKET SNAPSHOT: U.S. Stocks Wrestle With Mixed Economic Data...
04/16/201511:01:06U.S. Stocks Slip Amid Declines in European Markets
04/16/201511:00:05Philadelphia Fed April Business Index Rebounds

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