EMI, Warner Music in takeover talks
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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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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 Group said on Wednesday that any possible takeover offer for EMI, the struggling British music company, would be in cash and not shares.
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EMI Group Plc  is expected  to announce on Thursday that it had decided not to pursue its  offer to merge with Warner Music Group Corp. , sources  familiar with the matter said late on Wednesday.
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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 Group has decided not to make an offer for British rival EMI Group, the company said in a statement on Tuesday, but left open the possibility of a bid in the next six months.
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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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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.
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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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EMI Group PLC said Friday that it rejected a nonbinding $4.1 billion takeover proposal from Warner Music Group.
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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 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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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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EMI Group, which recently outlined a painful restructuring plan, has made a bid for independent music label Chrysalis Group PLC, a newspaper reported Friday.
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Warner Music Group said on Wednesday any takeover offer for Britain's EMI Group Plc would probably all be in cash, briefly boosting the London-based company's shares.
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EMI Group Plc , the world's  third-largest music company, said it has dropped plans to buy  smaller rival Warner Music  "for the time being,"  sending its shares down as much as 7 percent on Thursday.
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EMI shares rise 10% after the record company receives a preliminary takeover approach from an unnamed party.