Sony offers EMI deal concessions

The Sony-led consortium bidding to buy EMI’s music publishing unit has offered concessions to Brussels as it pushes for approval of the takeover. Details were not given, but it is thought Sony would be willing to sell off some divisions or commit to certain business practices to protect the $2.2bn deal. Sony, alongside Blackstone, Abu Dhabi’s Mubadala Development, Raine Group and movie mogul David Geffen, triumphed over rival BMG for the EMI unit, which belongs to lender Citigroup.