Following reports EMI were talking to investment firm One Equity Partners about the possibility of them making a takeover bid for the major, the New York Post reports similar conversations are on going with Apollo Management and Permira - the latter of whom, of course, made a bid last year. It's not clear if the EMI board are sounding out investment types re a takeover to force up the price Warner would have to pay should they go through with their acquisition plans, or because EMI chiefs would prefer someone outside the music business to get ownership. Certainly their own positions in the merged major might be safer if an investment firm took control - I can't see Edgar Bronfman Jnr wanting to form a board room alliance with Eric Nicoli.
Feb 26, 2007
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1 min read
EMI in talks with private equity firms over possible takeover
The New York Post reports EMI is in talks with investment firms One Equity Partners, Apollo Management and Permira about a possible takeover of the major.