UAE based Mubadala Development Company has become part owner of London-based EMI, which is being sold in pieces for $4.1 billion. Mubadala, alongside Sony, the Raine Group and the Blackstone Group, have aquired EMI's music publishing rights in a deal worth $2.2 billion. Meanwhile, Vivendi’s Universal Music Group are set to buy EMI’s recorded music rights for $1.9 billion.