Net News search results for: terra firma
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June 9, 2011
Even Before WMG Deal Is Official, Buyers Are Expecting Warner-Chappell To Be Spun Off
While the ink isn't officially dry on the MAY 6th deal (NET NEWS 5/6) bringing WARNER MUSIC GROUP and ACCESS INDUSTRIES, the U.S.-based industrial group, into a definitive merger agreement under which ACCESS INDUSTRIES will acquire WMG in an all-cash … more »
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February 23, 2011
Guy Hands 'Hopeful' EMI Investors Will Recoup Money
TERRA FIRMA CEO GUY HANDS, who lost EMI to CITIGROUP at the beginning of this month (NET NEWS 2/1) has written a letter to investors saying he was "hopeful" that they will see their money returned. THE NEW YORK POST reports, "HANDS' … more »
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February 14, 2011
What If Guy Hands Bought Warner Music Group?
In a surprising twist, BRITAIN's DAILY MAIL reports, "GUY HANDS, who lost control of record label EMI this month (NET NEWS 2/1), is understood to have been approached about making an offer for WARNER MUSIC." WARNER MUSIC GROUP hired the … more »
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February 7, 2011
Would Another Private Equity Firm Make A Go At EMI?
As the music and financial worlds attempt to figure out the future of EMI, JOSH KOSMAN in THE NEW YORK POST writes it isn't easy out there for private equity firms looking to make a go of taking over large companies. "As CITIGROUP starts to market … more »
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February 2, 2011
What Will CitiGroup Do With EMI?
CITIGROUP finally seized control of EMI from GUY HANDS YESTERDAY (NET NEWS 2/1), acquiring 100% of the share capital on a restructuring that saw the company's debt load cut to £1.2 billion from £3.4 billion. The expected move followed years … more »
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February 1, 2011
CitiGroup Grabs EMI
THE WALL STREET JOURNAL is reporting "CITIGROUP has seized control of EMI GROUP from GUY HANDS, acquiring 100% of the share capital on a restructuring that saw the company's debt load cut to £1.2 billion from £3.4 billion." The move … more »
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January 28, 2011
If Guy Hands Defaults On EMI, Could CitiGroup Sell EMI To Guy Hands?
THE WALL STREET JOURNAL reports TODAY (1/28) that, "CITIGROUP INC., which is expected to seize control of EMI GROUP LTD. from beleaguered financier GUY HANDS in coming months, has already made contact with parties that could quickly snap up the … more »
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January 21, 2011
Warner Music Group Puts Itself On The Block
THE NEW YORK TIMES reports WARNER MUSIC GROUP "has hired the investment bank GOLDMAN SACHS to seek out potential buyers for the company, a process that will play out while WARNER continues to explore buying the beleaguered British music giant EMI. … more »
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January 12, 2011
Guy Hands Plans Appeal In EMI Case Vs. Citigroup
ALL ACCESS reported MONDAY (NET NEWS 1/10) that the future of EMI may be played out this week, as British newspaper THE GUARDIAN reports, "GUY HANDS, the private equity tycoon, could surrender the keys of EMI to its lender CITIGROUP within … more »
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January 10, 2011
Will Citigroup Gain Control Of EMI Before March?
The future of EMI may be played out this week, as British newspaper THE GUARDIAN reports, "GUY HANDS, the private equity tycoon, could surrender the keys of EMI to its lender CITIGROUP within weeks, paving the way for a sale of the British music … more »