Warner Music Group waves goodbye to EMI
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Terra Firma deal in the bag? Warner Music Group (WMG) has said it will not be making an offer to buy-out its rival EMI.â¦
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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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EMI said Warner Musicâs cash offer was not in the best interests of shareholders and placed too low a value on the company.
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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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Digital gains help soften the weakness at Warner Music Group.
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The chief executive of Warner Music   Group Corp. is paving the way for a new bid for EMI Group Plc   by trumpeting the benefits of a merger with the firm's   shareholders, the Times reported on Wednesday.
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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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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 says it has not yet ruled out making another bid for the iconic UK music business EMI Group.
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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 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, the struggling British music company, has said it has received a fresh takeover approach from US rival Warner Music.
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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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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 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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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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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.