European Commission approves Terra Firma's EMI acquisition
The European Commission has approved Terra Firma's proposed acquisition of EMI, removing regulatory obstacles, though EMI's major shareholders remain less enthusiastic.…
Terra Firma
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Warner hire adviser to assess last-minute EMI bid
Warner Music has reportedly hired Wall Street banker Alan Mnuchin to assess a possible last-minute bid for EMI, which has backed Terra Firma's takeover offer.…
Another Terra Firma deadline extension on EMI acquisition
Terra Firma has extended the deadline for EMI shareholders to accept its takeover offer to 12 July, and may keep extending it to 26 July.…
EC expected to approve Terra Firma EMI purchase
The European Commission is expected to approve Terra Firma's proposed takeover of EMI within two weeks, ahead of a new 13 July deadline for shareholders to commit.…
Terra Firma extend EMI group takeover offer
Terra Firma has extended its £2.4 billion takeover offer for the EMI Group to 4 July, after gaining acceptances from about 3.5% of shareholders.…
Will Warner stage one more EMI bid?
Warner Music is reportedly expected to make a higher bid for EMI shortly before the deadline for Terra Firma's takeover offer closes, though commentators are divided.…
Counter-bid for Sanctuary rumoured
Private equity firm Crosby Capital Partners is reportedly considering a counter-offer for Sanctuary, following Universal's 20 pence per share takeover bid.…
Warner confirm interest remains in EMI
Warner says it continues to consider an offer for EMI, though any deal would be conditional on anti-trust clearance, and rival Terra Firma is the preferred bidder.…
Deadline set for rival EMI bids
Reuters reports a 27 June deadline for competing offers for EMI, against the board-approved Terra Firma bid, with Warner Music and a consortium led by Jim Fifield still expected to bid.…
EMI felt Warner break-fee offer insufficient
EMI reportedly rejected Warner's break-fee offer as insufficient to cover regulatory risk, backing Terra Firma's bid instead.…
More EMI takeover rumours
Former EMI boss Jim Fifield is reportedly raising funds, including from the Qatari royal family, for a rival bid to buy EMI.…
Corvus confirm they are out of the EMI race
Corvus Capital has said it will not bid against Terra Firma for EMI, and the FT reports another consortium will not try to outbid it either.…