Vivendi SA is working with two investment banks to explore the sale of videogame giant Activision Blizzard Inc., in which the French conglomerate owns a majority stake, people familiar with the matter said.
The protracted auction of EMI Group neared a conclusion Friday, with Citigroup Inc., owner of the storied British music company, selecting buyers for its publishing arm and recorded-music label—at a price that well exceeds many industry watchers’ expectations.
Baidu Inc. reached a deal with major record labels to provide licensed copies of songs on the Chinese Internet search giant’s site, a landmark agreement that brings the music industry together with a company long accused by industry executives of abetting piracy.
When the selling of Myspace winds down in the next week or so, it’ll probably attract a spate of comments about what a failure the whole social networking enterprise turned out to be.
That is, unless you think of the mob of former execs who have worked at the company over time, many of whom have moved on to some more golden opportunities after leaving Myspace.
Amazon.com Inc.’s one-day, 99-cent promotion of Lady Gaga’s highly anticipated second studio album, “Born This Way,” resulted in downloading delays on the Internet retailer’s website due to high volume, the company said Monday.