TOKYO -- Sony announced Tuesday it will acquire an additional stake in DH Publishing, the operator of EMI Music Publishing, which owns the copyrights for popular artists such as the U.K. rock band Queen. DH Publishing will become a 100%-owned consolidated subsidiary, and EMI Music will be about 90% owned by Sony.
Sony will acquire a 60% stake for $1.9 billion from the Abu Dhabi-backed Mubadala Investment Company. Sony will pay another $400 million to shareholders, management and employees as part of the deal, it said. It will be Sony's second-largest acquisition ever, after Columbia Pictures in 1989.