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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.

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"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.