EMI – The Belle Of The Ball Again – 3 New Suitors Offer Glass Slippers
EMI faces takeover interest from three U.S. private equity firms: Fortress, Cerberus and One Equity, a unit of JP Morgan Chase. The three are set for a £3 billion takeover battle during the next two weeks for control of the world’s third-biggest music group. All three private equity firms has sent letters expressing interest in purchasing EMI, and that the music group would open its books to all three bidders which are...
Warner Music Group Rumored To Layoff 400
Warner Music Group is reportedly planning to dismiss 400 employees in the near future. The layoffs are being deployed to make room for new initiatives in WMG’s growing digital operations. The restructuring will place further emphasis on digital strategy and distribution, which will include new hires. It is believed that the layoffs will be staggered, rather than all coming down at once.
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