If it weren't in the LATimes (user:annoying, password:annoying), I'd expect to see it on Crazy Apple Rumors… Apple is evidently in talks with Vivendi to buy Universal Music Group, in a move related to rumors of a new Apple online music service.

Update: The BBC is running an article on this, including the usual doom-and-gloom:

…analysts told BBC News Online that such a deal would make little sense for Apple. "It wouldn't change our recommendation on Apple stock," said one analyst. "But since we were already recommending clients to sell, things couldn't get much worse."

Geez.