Universal Music Offers Sell-Off To Clear Deal With BMG

Universal Music is willing to sell off a chunk of its catalog in order to pass muster with European Union regulators in its $2.15 billion bid to acquire BMG, Reuters reports. The Vivendi-owned publisher would jettison Zomba Music, which holds the rights to songs by such (former) hitmakers as Brittney Spears, Bryan Adams, Backstreet Boys, The Spice Girls and others. But divestitures won’t be enough for the deal