LONDON (AFP) ??” The sale of Time Warner's music division to a consortium l through Canadian media mogul Edgar Bronfman deals a bang to British group EMI's chance of the desired ends of finding a merger partner to help it within the industry's woes.
LONDON (AFP) ??” The sale of Time Warner's music division to a consortium l through Canadian media mogul Edgar Bronfman deals a bang to British group EMI's chance of the desired ends of finding a merger partner to help it within the industry's woes.
The US media giant's announcement Monday that it had agreed to put up to sale all of Warner Music for 26 billion dollars (22 billion euros) came shortly after EMI conced defeat in its fight for the recorded music arm of the business.
With German media giant Bertelsmann and Japanese electronics cluster Sony planning a tie-up of their confess recorded music operations, EMI is running abroad of merger options and looking vulnerable to a takeover itself, analysts said.
If approved by way of regulators, the deal between Sony and Bertelsmann's BMG would levy the combined group almost neck-and-neck with world number single Universal Music, with each holding about 25
Read the cloyed article with a Free Trial at KeepMedia....