EMI receives bid approach from Warner Music
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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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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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British music group EMI said it has received an informal takeover approach but did not name the suitor.
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Britain's EMI  said on Friday it had received a 260-pence-a-share cash takeover proposal from Warner Music Group  and rejected the plan, saying it was "not in the best interests" of its shareholders.
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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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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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Music group EMI, which announced last month it had received a preliminary takeover approach, has said that discussions with the potential bidder had been called off.
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Music companies Sony BMG and EMI Music Publishing have entered into an alliance to introduce new digital products in the US and Canada.
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EMI Group PLC, beset by profit warnings and an accounting scandal in Brazil, was thrown a potential lifeline yesterday with a possible new takeover bid by a former suitor, Warner Music Group.
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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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biz. Warner Music Group has signed a global licensing agreement with Melodeo Inc., marking the Seattle-based mobile music platform provider&#39;s first deal with a major label.
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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 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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LONDON - Warner Music Group Corp., Viacom Inc. and Universal Music Group are among those to have bid for BMG Music Publishing, people familiar with the situation told Dow Jones Newswires on Friday.  German media giant Bertelsmann A.G.
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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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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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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.