Warner Music says EMI offer would likely be cash
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NEW YORK/LONDON  - Warner Music Group Corp.  said on Wednesday any takeover offer it might make for Britain's EMI Group Plc  would probably be all cash.
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Britain's EMI said it had received a bid  approach from U.S. rival Warner Music, the latest twist in a  seven-year battle in which the two music groups have tried to  buy each other.
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EMI, the world&#39;s third largest music group, admitted yesterday it was facing an investigation into how music companies influence the songs played on the radio.
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EMI Group, the struggling British music company, has said that it has received a new takeover approach from US rival Warner Music.
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Former EMI Group Plc  Chief Executive Jim Fifield is interested in potentially making an offer for the world's third biggest music company, he said on Friday.
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Warner Music Group Corp's  Chief Executive said on Monday the music company's business was poised to rebound as it tapped new revenue streams to counter the decline in sales of traditional CDs.
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Warner Music Group Corp. said on  Tuesday it decided against bidding for rival EMI Group Plc, two  days before a deadline to submit an offer.
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Britain's EMI  has written to U.S. rival Warner Music  to outline what its reaction would be to a bid and highlighting its concerns over regulatory issues, a source familiar with the matter said on Thursday.
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Warner Music's  decision to approach EMI Group  may strike a sour note for music rivals Sony  and BMG  as they try to win approval from the European Commission for their own merger.
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By Anonymous  Online music stores cheered at EMI's decision to sell their music free of digital rights management (DRM) software. The move will help stores cash in on digital music sales.
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EMI Group PLC and Warner Music Group Corp., locked in a tug of war after each rejected a takeover bid from the other, are still discussing a merger, EMI said Wednesday.
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Struggling music company EMI Group PLC, beset by profit warnings and an accounting scandal in Brazil, was thrown a potential lifeline Tuesday with a possible new takeover bid by former suitor Warner Music Group.
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Warner Music Group said on Wednesday  it is hunting for a new chief executive for its music  publishing unit, in a move likely to rekindle speculation of a  partnership with the head of EMI Publishing.
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Music company EMI Group PLC &#151; home of The Rolling Stones and Coldplay &#151; has been talking with online retailers about possibly selling its entire digital music catalog in MP3 format without copy protection, the Wall Street Journal reported Friday, citing numerous people familiar with the matter.
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Shares in Britain's EMI  rose on  Thursday following a media report that it was in talks with a  number of private equity firms over potential alternatives to a  takeover approach from Warner Music .
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Warner Music Group  is considering making a bid approach for the music publishing arm of Britain's Chrysalis , newspapers said on Sunday.
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Warner Music Group has approached Britain's EMI about a possible bid despite uncertainty over whether it would win regulatory approval, in the latest twist in a seven-year tit-for-tat takeover battle.