BMG Rights Management is in talks with Universal Music Group to buy EMI’s Parlophone label, according to reports.

The purchase would be part of the package of divestments that Universal parent company Vivendi is currently negotiating with the European Commission in order to push its £1.2 billion acquisition of EMI Music past regulators.

Billboard sources have said that the sale of Parlophone would satisfy Brussels and take other EMI labels and catalogues including Virgin Records off the market as potential ...