Net News search results for: bertelsmann music group
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October 31, 2011
WMG Walks Away From EMI Purchase Talks
Late last week (NET NEWS 10/27) UNIVERSAL MUSIC GROUP dropped out of the auction for EMI, leaving WARNER MUSIC GROUP owner LEN BLAVATNIK as the leading bidder for EMI. However, things changed over the weekend, with THE FINANCIAL TIMES reporting BLAVATNIK … more »
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October 27, 2011
Warner Music Emerges As Most Likely To Buy EMI
UNIVERSAL MUSIC GROUP has dropped out of the auction for EMI, reports REUTERS, quoting a source familiar with the situation. "UNIVERSAL had been primarily interested in the recorded music division at EMI, which has artists such as COLDPLAY and KATY … more »
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October 26, 2011
EMI Sale Expected To Happen This Week
The sale of EMI is likely to happen by week's end, and THE NEW YORK POST reports it's "turning into a real NEW YORK street fight." The report claims "ACCESS INDUSTRIES' billionaire LEN BLAVATNIK, who recently purchased rival WARNER MUSIC … more »
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October 21, 2011
NY Post: Looks Like EMI Will Be Split And Sold
CITIGROUP is reportedly close to selling EMI, and "is almost certain to split the asset in two," reports THE NEW YORK POST. "Negotiations to sell the more valuable piece, the publishing company, for around $2 billion are said to be taking … more »
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October 17, 2011
The Economy Is Holding Down Bids For EMI
Last week, (NET NEWS 10/13), ALL ACCESS reported the sour economy's tight credit markets could prevent CITIGROUP INC. from selling EMI GROUP at a price it desires. Reports indicated that the corporation may receive lower bids, which may prompt it to … more »
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October 13, 2011
Will EMI Be Sold In Two Pieces?
Earlier this month (NET NEWS 10/5), ALL ACCESS reported the sour economy's tight credit markets could prevent CITIGROUP INC. from selling EMI GROUP at a price it desires. Reports indicated that the corporation may receive lower bids, which may prompt it … more »
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September 27, 2011
Report: CitiGroup Asking Select EMI Bidders For 'Best Offer'
THE LOS ANGELES TIMES reports, "EMI MUSIC's owner, CITIGROUP, has asked a select group of bidders to submit their best offers for the storied British music company by OCTOBER 5th, according to executives familiar with the auction. The bank, which … more »
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September 23, 2011
Is Napster's Co-Founder Looking To Buy EMI?
There's a surprise name that's entered the bidding for EMI. THE NEW YORK POST reports, "music entrepreneur SEAN PARKER, a co-founder of music file-sharing service NAPSTER, and billionaire investor RON BURKLE have teamed up again and are considering … more »
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August 31, 2011
EMI Sale Enters Second Round Of Bidding
The second round of bids for EMI GROUP LTD. are due next week, the WALL STREET JOURNAL reports. CITIGROUP INC. received first-round preliminary bids from around 10 potential buyers, both trade and financial, in JUNE. Several buyers are expected to submit … more »
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July 26, 2011
NY Post: BMG Rights Makes A Bid For EMI
The bids for EMI Music have begun to come in. Last week (NET NEWS 7/22), ALL ACCESS reported that CITIGROUP wanted to fast-track the bidding process and is hoping to close the sale as soon as LABOR DAY. A NEW YORK POST report said the bank wants … more »