EMI Rejects Warner Music Buyout
Warner Music Group officially confirmed its attempt to buyout EMI yesterday. Just one day earlier, Warner had floated an acquisition offer of 320 pence per share, or $4.6 billion (£2.54 billion) at current share valuations and exchange rates. “The WMG board agrees with EMI that there are potential merits in combining the businesses of WMG and EMI, but believes that a WMG acquisition of EMI will provide shareholders of both...
Røde Acquires Event
Røde, the Australian based microphone manufacturer, has acquired Event Electronics, makers of professional studio monitors. Røde employs 80 people at a high-tech plant in Sydney, Australia. They have a dedicated distribution and service center located in Torrance, CA which is headed by Mark Ludmer, an industry veteran with over 20 years experience in the music technology industry. Ludmer also takes on the role of CEO of Event. Event...
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