What we don't know about Guy Hands' plans for his new acquisition (EMI, obviously) is whether an eventual profitable sell off to Warner Music is in his mind. As previously reported, some gossipers speculated that one of the reasons Warner shied off counter-bidding Terra Firma's offer to buy EMI was because chiefs there figured that it would be easier for the private equity firm to bring the London based major into private hands, enabling an easier merger with Warner at a later date. Whether there is any truth in that gossip, and whether either Warner or Terra Firma really do consider that a future option, is unclear, though some are now wondering if Warner chief Edgar Bronfman Jr might give some indication of his personal thoughts on the matter when he is interviewed at the Goldman Sachs Communacopia Conference in New York later this month. If he does, needless to say, we'll let you know here.
Sep 13, 2007
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1 min read
What are Bronfman's plans after Terra Firma's EMI takeover?
Speculation continues that Terra Firma may later sell EMI to Warner Music, and Warner chief Edgar Bronfman Jr may comment at a Goldman Sachs conference.