EMI talks to others after Warner Music approach: FT
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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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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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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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EMI, the world's third largest record label, has officially rejected a $4.1 billion takeover offer from the world's fourth largest label, Warner Music. EMI on Friday held a board meeting to discuss the "non-binding proposal" and decided it was not good for shareholders.
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NEW YORK -- Warner Music Group is "actively" considering making a new offer to buy rival EMI Group, which accepted a buyout bid for $4.8 billion from Terra Firma Capital Partners last month.
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Music label EMI Group is in talks  to release a large portion of its music catalog for Web sales  without technological protections against piracy that are  included in most music bought over the Internet now, sources  said on Thursday.
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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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EMI, the world's third largest music label, is actively considering removing the digital rights management restrictions from its song catalog and selling tracks online in MP3 format, according to a report published in The Wall Street Journal Friday.
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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 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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EMI Group PLC , the world's third-largest music company, on Friday said it and other music companies faced a New York probe into how music companies influence what songs are played on the radio.
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Shares in Warner Music Group Corp.  fell 8.6 percent on Wednesday after rival record company EMI Group Plc  issued a profit warning on slowing sales in the North American music market.
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British music company EMI Group Plc  confirmed on Friday that it, along with others, is to face an  inquiry into the promotion of records on New York radio  stations.
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EMI, the struggling British music company, said Friday that it had rejected an informal takeover bid by US rival Warner Music Group, claiming the cash offer worth 2.08 billion pounds (3.07 billion euros, 4.05 billion dollars) was &quot;inadequate.&quot;
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Britain's EMI Group Plc  has rejected a 2.1-billion-pound ($4.1 billion) cash takeover proposal from Warner Music Group , saying on Friday it was not in the best interests of its shareholders.
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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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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¦