Warner Music opts out of EMI race
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Warner Music decides not to make a rival bid for EMI, the British music firm which is set to be bought out by a private equity group.
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Struggling music company EMI Group has said that it has received a new takeover approach from US rival Warner Music.
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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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LONDON -- Shares of EMI Group PLC, whose artists include Coldplay and Robbie Williams, dropped more than 8 percent Thursday after the music company said it had ended takeover talks with an unidentified suitor.
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Britain's EMI Group Plc. is in talks  with a number of private equity firms including One Equity  Partners, a unit of JPMorgan Chase and Co., over potential  alternatives to a takeover approach from Warner Music Group,  the Financial Times reported on Thursday.
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Britain's EMI Group Plc  rejected a 2.1-billion-pound ($4.1 billion) cash takeover proposal from Warner Music Group , saying the price was inadequate and not in the best interests of its shareholders.
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Warner Music says it has not yet ruled out making another bid for the iconic UK music business EMI Group.
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UK music group EMI rejects a Â£2.1bn takeover from Warner Music as too low.
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Universal Music's publishing division  has overtaken EMI as the world's leading major music publisher,  according to market research on Monday.
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Merlin waves magic wand Independent labels are in a public row over whether to back Warner Music's bid for ailing British major EMI. The merger would see the 'Big Four' consolidate into a Big Three.â¦
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Warner Music Group Corp. said Thursday it dropped a copyright infringement lawsuit against the social networking Web site imeem and agreed to license its music and video content to the site for a slice of its ad revenue.
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Warner Music Group has made a bid  approach for Britain's EMI despite uncertainty over whether any  deal would win regulatory approval, in the latest twist in a  seven-year tit-for-tat takeover battle.
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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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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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Warner Music Group&#39;s decision on  whether to counter bid for British rival EMI Group has become a  tortuously long one, as the No. 4 player grapples with exposing  itself further to recorded music amid a faster-than-expected  decline in the industry.
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LONDON -- The long courtship between EMI Group PLC and Warner Music Group is on again. EMI confirmed Tuesday that it had received an approach from Warner about a possible bid.
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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.