Vivendi's (VIVHY.PK) Universal Music Group reportedly is in advanced talks to buy EMI Group's...

|By:, SA News Editor

Vivendi's (VIVHY.PK) Universal Music Group reportedly is in advanced talks to buy EMI Group's recorded music unit from Citigroup (C), moving ahead of Warner Music and others in an auction it had stepped away from. After a see-saw auction, sources now say a deal could be struck as early as this week.