According to the FT, there is talk of a possible takeover bid for London based major EMI. Apparently the company's share price rose 5.3% as the rumours spread. Some wonder if Warner Music is the possible buyer, but venture capital interest is also the possible source of the rumour. An analyst from Numis told the FT: "EMI has been a perennial takeover target, having attempted the deal with Warner [before], so I wouldn't be surprised".
Nov 10, 2005
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1 min read
Takeover interest in EMI
According to the FT, rumours of a takeover bid for EMI pushed its share price up 5.3%, with Warner Music speculated as a possible buyer.