EMI Ups Offer For WMG To $4.6 Billion, And Rejects WMG Counterbid
June 28, 2006 at 6:17 AM (PT)
According to a report on BLOOMBERG.com, EMI raised its offer to buy WARNER MUSIC GROUP to $4.6 billion and rejected a counterbid from WMG valued at $4.56 billion (2.53 billion pounds).
This is the latest round in a six-year battle to bring the two music giants together to form the world's second-largest record label. For more go to the EMI site, by clicking here.