EMI’s Board Accepts Terra Firma’s Buyout Bid
EMI’s Board of Directors has recommended that shareholders accept a $4.7 billion / £2.4 billion cash bid by private equity company Terra Firma Capital Partners. In a joint statement, the companies revealed that the EMI board intends to recommend unanimously that its shareholders accept the offer, noting that the directors have already undertaken to sell their own holdings to Maltby, a concern that Terra Firma set up for the...
Warner Reportedly Ups Offer For EMI
Warner Music Group has reportedly raised their previous bid forEMI by $200 million. The Sunday Times dropped the story over the weekend but didn’t cite their sources. Warner and EMI did not comment on the development. Warner has been courting EMI for some time, but cannot seem to woo the troubled label into bed. However, EMI may want to revisit Warner’s overtures because their looks are definitely fading. The private...
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