|21-05-07, 04:00 PM||#1|
Join Date: May 2001
Location: New England
EMI in Play, Accepts Bid From Terra Firma
EMI, the international music conglomerate with artists such as the Beatles, Robbie Williams and Norah Jones, has accepted a $4.7 billion takeover bid from the private equity firm Terra Firma Capital Partners.
Though EMI officials are recommending the board proceed with the deal it doesn't mean Terra Firma will wind up with the company. Outside analysts believe the recording and publishing giant is now in play and that higher bids may emerge, perhaps from different sources.
EMI was recently in the news when it made a deal with Apple to sell DRM-free music files.
|21-05-07, 09:23 PM||#2|
Thanks for being with arse
Join Date: Jan 2002
Location: The other side of the world
at last the first of the monolithic music giants are starting to crumble
i beat the internet
- the end boss is hard
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