EMI drops plan to buy Warner Music
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EMI Group Plc , the world's  third-largest music company, said it has dropped plans to buy  smaller rival Warner Music  "for the time being,"  sending its shares down as much as 7 percent on Thursday.
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Warner Music says any takeover bid for EMI is likely to be "solely in cash", a day after its approach was made public.
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Merlin waves magic wand Independent labels are in a public row over whether to back Warner Music's bid for ailing British major EMI. The merger would see the 'Big Four' consolidate into a Big Three.â¦
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Warner Music Group has approached Britain's EMI about a possible bid despite uncertainty over whether it would win regulatory approval, in the latest twist in a seven-year tit-for-tat takeover battle.
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The record label EMI is planning to cut as many as 2,000 jobs as part of a restructuring strategy.
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Warner Music Group has made a bid  approach for Britain's EMI despite uncertainty over whether any  deal would win regulatory approval, in the latest twist in a  seven-year tit-for-tat takeover battle.
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Warner Music Group Corp.   said on Wednesday any takeover offer it might make for  Britain's EMI Group Plc  would probably be all cash.
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Music giant EMI sees profits fall in the first half of the year after opting to delay its major releases.
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EMI, the world's third largest record label, has officially rejected a $4.1 billion takeover offer from the world's fourth largest label, Warner Music. EMI on Friday held a board meeting to discuss the "non-binding proposal" and decided it was not good for shareholders.
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Warner Music Group Corp. said  Wednesday its &#36;4.6 billion (2.5 billion pounds) counter-bid for  its larger rival EMI Group has been rejected.
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Shares in Warner Music Group Corp.  fell 8.6 percent on Wednesday after rival record company EMI Group Plc  issued a profit warning on slowing sales in the North American music market.
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Warner Music Group Corp. said on  Tuesday it decided against bidding for rival EMI Group Plc, two  days before a deadline to submit an offer.
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British music company EMI is to axe up to 2,000 jobs in a restructuring plan by its new private-equity owners to save up to 200 million pounds ($392 million) a year and recast itself for the digital age.
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Britain's EMI Group Plc  rejected a 2.1-billion-pound ($4.1 billion) cash takeover proposal from Warner Music Group , saying the price was inadequate and not in the best interests of its shareholders.
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Warner Music says it has not yet ruled out making another bid for the iconic UK music business EMI Group.
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Terra Firma deal in the bag? Warner Music Group (WMG) has said it will not be making an offer to buy-out its rival EMI.â¦
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Shares in EMI Group Plc EMI.L gained   as much as 7.1 percent on Wednesday following a report that   Warner Music Group Corp. WMG.N was preparing a new bid to buy   the world's third largest music company.