Universal parent Vivendi has confirmed that it has finalised a deal to sell Co-Operative Music. Music Week understands that [PIAS] has been successful in its acquisition bid for the rival distribution and services company.

Following the announcement of its full-year fiscal results last night, Vivendi has confirmed to Music Week that seven divestments related to Universal's acquisition of EMI Music - aside from Parlophone Label Group - have now been sold to six separate buyers for around £45m in ...