De Mol buys piece of EMI

Businessman also upped stake in soccer club Man United

LONDON — John de Mol, Dutch entrepreneur and founder of global format group Endemol, bought a 3.72% stake in EMI, the world’s third largest music group, on Friday.

EMI is trying to negotiate a £901 million ($1.5 billion) takeover of Time Warner’s music division Warner Music to create the world’s second largest music company after Universal.

Earlier this week, de Mol increased his stake in top British soccer club Manchester United from 3.48% to 4.11%.

In both cases, de Mol used his holding company Talpa Beheer to acquire the shares. He maintains he is a financial investor in the companies rather than a strategic one.