Warner chief paving way for new EMI bid
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The chief executive of Warner Music  Group Corp. is paving the way for a new bid for EMI Group Plc  by trumpeting the benefits of a merger with the firm's  shareholders, the Times reported on Wednesday.
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Time Warner's new chief executive, Jeffrey L. Bewkes, is preparing to use his first address to investors today to outline plans for shaking up the world's largest media company, starting with an attempt to sell or spin off Time Warner Cable to help reverse the corporation's skidding stock price.
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EMI Music Publishing will begin a three-year transition Feb. 1 as it grooms its next chairman/CEO.
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Britain's EMI  said on Friday it had received a 260-pence-a-share cash takeover proposal from Warner Music Group  and rejected the plan, saying it was "not in the best interests" of its shareholders.
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Multiplex, the developer of the troubled Wembley Stadium project, is being eyed as a takeover target.
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EMI chief executive Eric Nicoli is to step down from his post as part of a shake-up under new owners Terra Firma.
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Warner Music Group's  decision on whether to counter bid for British rival EMI Group  has become a tortuously long one, as the No. 4 player grapples with exposing itself further to recorded music amid a faster-than-expected decline in the industry.
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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 says it has not yet ruled out making another bid for the iconic UK music business EMI Group.
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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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EMI, the struggling British music company, said Friday that it had rejected an informal takeover bid by US rival Warner Music Group, claiming the cash offer worth 2.08 billion pounds (3.07 billion euros, 4.05 billion dollars) was &quot;inadequate.&quot;
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Former EMI Group  Chief Executive Jim Fifield is still working on a deal to buy the company despite his reported financial backer, Corvus Capital , pulling out, the New York Post said on its Web site.
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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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EMI Group Plc., the world&#39;s  third-largest music company, is expanding its strategy to sell  digital music without copy-protection software to more retail  sites through a deal with PassAlong Networks.
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EMI is said to have discussed proposals to sell unprotected files through an array of digital retailers, including Apple, Microsoft, Real Networks and Yahoo.
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Warner Music Group&#39;s decision on  whether to counter bid for British rival EMI Group has become a  tortuously long one, as the No. 4 player grapples with exposing  itself further to recorded music amid a faster-than-expected  decline in the industry.
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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.