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Universal Music to sell Coldplay label to Warner

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LOS ANGELES (AP) — Universal Music Group is selling Parlophone — the label of acts like Coldplay, David Guetta and Radiohead — to Warner Music Group for 487 million pounds ($765 million). It's the largest chunk of assets that European regulators demanded be sold when Universal purchased Britain's EMI last year for 1.2 billion pounds ($1.9 billion). Universal, a unit of Vivendi SA, sold EMI's...

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