Britain's EMI Accepts Private Equity Bid
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LONDON -- EMI Group PLC, home to the Beatles and Coldplay, agreed to a 2.4 billion pound ($4.7 billion) takeover by a private equity group on Monday, but the deal raised speculation of an all-out bidding war for the struggling music company.
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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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EMI has confirmed significant success with the company's move to sell DRM-free tracks through iTunes.
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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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Media & professional: EMI has become the last of the big four record labels to reach an agreement with YouTube.
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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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EMI will have to sing its private equity financed tune.
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EMI confirmed on Thursday what some had been speculating for days â a hoped-for takeover by a private equity investor is dead in the water.
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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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Shares of EMI Group Plc, the world&#39;s third-largest record company, had their biggest jump in 1 1/2 years after the company said music sales rose in the past two months with releases
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EMI will buy out shares in Toshiba-EMI, it's Japanese joint venture with Toshiba.
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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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Estate agency firm Countrywide accepts a Â£940.7m takeover bid led by private equity firm 3i.
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Shares in EMI Group Plc EMI.L gained   as much as 7.1 percent on Wednesday following a report that   Warner Music Group Corp. WMG.N was preparing a new bid to buy   the world's third largest music company.
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Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of its biggest acts.
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British music company EMI Group Plc  said on Thursday it had ceased discussions over an offer being made for the company as it did not fully reflect the prospects and value of the group.
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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.