Warner Music Group has completed its £487 million all-cash acquisition of Parlophone Label Group.
In addition to the Parlophone label, PLG includes the Chrysalis/Ensign labels in the United Kingdom, EMI Classics and Virgin Classics and the EMI operating companies in Belgium, Czech Republic, Denmark, France, Norway, Poland, Portugal, Slovakia, Spain and Sweden.
The transaction was agreed on February 6, 2013 between Warner Music Group and Universal Music Group, with PLG being a necessary divestment of the latter’s acquisition of EMI earlier ...
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