Sony To Get 90% Of EMI

On May 21st 2018, Sony announced that it has made a deal to buy EMI Music Publishing from Mubadala Investment Company for $2.3 billion. The deal will give Sony controlling interest in EMI, with a 90% ownership of the company. Sony will add EMI's catalog of 2.1 million songs to it's own catalog 2.3 million, making it the largest music publishing company in the world. Sony's new CEO, Kenichiro Yoshida said, "We are thrilled to bring EMI Music Publishing into the Sony family and maintain our number one position in the music publishing industry."