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Vivendi buying BMG Music Publishing

PARIS, Sept. 6 (UPI) -- Vivendi SA will pay $2.1 billion for BMG Music Publishing, owned by Germany's Bertelsmann AG, to become the world's biggest music publisher.

Vivendi's Universal Music Group was expected to sign a definitive agreement Wednesday to acquire the world's third-largest music publishing concern, the Financial Times reported.

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The deal, which must clear EU and U.S. anti-trust regulators, gets Universal such artists as Christina Aguilera, Barry Manilow and Justin Timberlake.

The combination will not affect Bertelsmann's jointly held Sony BMG Music Entertainment recorded music business.

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