Global law firm White & Case LLP has advised Sony Corporation ("Sony") on its agreement to acquire all of the equity interest in EMI Music Publishing ("EMI") held by a consortium of investors led by Mubadala Investment Company ("Mubadala"), a global investor owned by the Abu Dhabi government.
The Mubadala-led consortium will sell its approximately 60 percent equity interest in EMI to Sony Corporation of America, Sony’s US-based subsidiary, for a cash consideration that is expected to be approximately US$2.3 billion. When combined with Sony’s existing minority stake, the acquisition will give Sony approximately 90 percent ownership in EMI, the music publisher of songs by artists such as Queen, Kanye West, Alicia Keys, Drake, Calvin Harris and Sia.
The White & Case team that advised on the transaction was led by partners Morton A. Pierce and Chang-Do Gong, and included tax partner William Dantzler, M&A associates Daniel Kozin, Caelah Nelson and Katherine Dineen Smith and tax associate Isaac Tendler, all in New York.
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