said its Universal Music unit agreed to buy BMG Music Publishing from Germany's
for $2.09 billion.
Paris-based Vivendi said the deal will make Universal the world's leading music publisher.
Vivendi said BMG's catalog encompasses over a million copyrights, including Coldplay, Justin Timberlake, Maroon 5, Christina Aguilera, R. Kelly and Juan Gabriel. Its extensive catalog ranges from The Scorpions and Barry Manilow to Puccini and Ravel.
"The acquisition of BMG Music Publishing is a unique opportunity to grow our music publishing business and enhance the value of Universal Music Group at a time when the music market is improving, supported by technological innovations and digital sales," said Vivendi chief Jean-Bernard Levy.
The news comes just weeks after rivals
( WMG) and
of London scrapped a plan in which one would have acquired the other, citing an unfavorable European court ruling in a 2004 music merger.