Sony in preliminary talks to acquire EMI majority stake

New York

SONY held preliminary talks to acquire a majority stake in EMI Music Publishing, according to people with knowledge of the matter, as its Abu Dhabi-based owner seeks to cash in on the booming market for streamed music.

Mubadala Investment has begun reaching out to potential suitors for the catalogue of more than 2.1 million songs, which includes hits from Beyoncé and Carole King, said the people, who asked not to be identified discussing private information.