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EMI buyer speculation
By CMU Editorial | Published on Friday 24 June 2011
I think we all knew that the three other majors and everyone who bid for Warner Music would be at least considering making an offer for EMI once current owners Citigroup properly put it up for sale, which they did earlier this week, but in case you wanted confirmation of that fact, Bloomberg have reported that billionaire investor Alec Gores and new Warner Music owner Len Blavatnik are both definitely considering bids.
As previously reported, the LA Times had already revealed that bosses at Universal Music are trying to work out whether competition regulators in Europe would let them absorb some or all of the EMI business, if Citigroup would be willing to sell it them, which they probably wouldn’t.
