Abu Dhabi’s investment fund has committed financial support for Sony’s second-round bids for EMI, Financial Times reports. The investment fund Mubadala and media investment bank Raine are supporting Sony’s bid.
Other bidders for the U.K. music company include BMG Music Publishing, MacAndrews & Forbes group, Universal Music and Warner Music. Mubadala, set up to help diversify Abu Dhabi’s economy, has also invested in Raine.
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