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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
04/15/201423:41:11Citi Picks Dewilde to Lead Asia Markets and Investor Services...
04/15/201416:48:51MARKET SNAPSHOT: Stocks Gain For 2nd Day In Row After Ukraine...
04/15/201415:52:11MARKET SNAPSHOT: Stocks Bounce Back As Ukraine Worries Ease
04/15/201415:01:49MARKET SNAPSHOT: Stocks Rebound As Ukraine Worries Ease Slightly
04/15/201413:57:11MARKET SNAPSHOT: Stock Losses Deepen As Ukraine Tensions Escalate
04/15/201413:28:33MARKET SNAPSHOT: Stock Losses Deepen Amid Deepenng Ukraine Tensions
04/15/201412:01:52MARKET SNAPSHOT: Stocks Rattled By Housing Data, Ukraine Tensions
04/15/201410:08:36MARKET SNAPSHOT: U.S. Stocks Gain As Coke, J&J Jump After Earnings
04/15/201408:52:57U.S. Stock Futures Rise
04/15/201404:50:10European Markets Steadying After Heavy Losses
04/15/201404:33:21European Markets Steadying After Last Week's Heavy Losses
04/14/201419:30:18Citi's Mexico Unit Says Fraud Will Cut Profit by $112 Million
04/14/201419:20:37Citi's Mexico Unit Says Fraud Will Cut 1Q Profit by $112 Million
04/14/201416:42:11MARKET SNAPSHOT: Stocks Rebound; Nasdaq Erases Late Swoon
04/14/201415:49:35MARKET SNAPSHOT: Stocks Trim Gains; Nasdaq Turns Negative
04/14/201413:20:46LONDON MARKETS: FTSE 100 Turns Higher As Mining Stocks Strengthen
04/14/201413:00:03EUROPE MARKETS: European Stocks Swing To Gains Following Sell...
04/14/201411:56:03MARKET SNAPSHOT: Stocks Rebound On Retail Sales, Citi Results
04/14/201411:39:31U.S. Stocks Stay Higher on Positive News
04/14/201411:00:08LONDON MARKETS: FTSE 100 Slips, But Glencore Xstrata Gains

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