Via Billboard:

According to multiple sources, the European Commission is expected to announce Thursday its approval of the purchase of EMI Music Publishing by the Sony Corp. of America-led consortium. The news was first reported in the Financial Times.

That acquisition will give Sony/ATV, which will remain a separate company but serve as administrator for EMI Music Publishing, control of publishing assets that generated about $1.26 billion in annual revenue, Billboard estimates, as opposed to the $900 million that UMPG produces annually. Previously, UMPG had been the largest owner of publishing assets in the world.

As has been previously reported, Sony/ATV would serve as the administrator for the EMI publishing assets, which would be maintained in a separate company since it has a different ownership structure than Sony/ATV.

The latter company is a joint venture between Sony Corp. of America and the Michael Jackson estate and Sony/ATV itself would have a 38% stake in EMI Music Publishing if the regulatory agency approval of the acquisition is given. The other investors participating in the proposed purchase of EMI Music Publishing are: Mubadala Development Company PJSC; Jynwel Capital Limited; the Blackstone Group’s GSO Capital Partners LP; and David Geffen.