Terra Firma’s Bid For EMI Has Been Extended To July 4, 2007 For Shareholder Approval
Terra Firma stated that shareholders of EMI would be given more time to consider takeover offer after Terra secured less than four percent of shares. The British private equity group Terra revealed that the company owned only 3.53 percent of EMI stock at the original offer’s closing date when EMI accepted its cash offer worth £3.2 billion (€4.7 billion, $6.4 billion). Terra also disclosed that the 4% includes the...
House Committee Holds Internet Radio Royalty Hearings
Now that the Day of Silence by online radio broadcasters has concluded, The House Small Business Committee is now ramping up the process of Internet Radio Royalty Hearings. The hearing, dubbed “Assessing the Impact of the Copyright Royalty Board Decision to Increase Royalty Rates on Recording Artists and Webcasters,” begins today on Capitol Hill. Lawmakers have taken note of the Day of Silence effort and the bipartisan...
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