EMI shares tumble after European Court ruling

Shares in music giant EMI tumbled today after a European court ruling cast doubt over a possible trans-Atlantic merger with US rival Warner.

EMI shares tumble after European Court ruling
Thu, 13 Jul, 2006 - 14:42

Shares in music giant EMI tumbled today after a European court ruling cast doubt over a possible trans-Atlantic merger with US rival Warner.

The European Court of First Instance annulled previous EU approval of a 2004 tie-up between Sony and BMG which created the second largest music company in the world behind Universal.

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CourtsBusinessHeathrowPlace: LondonPerson: Robbie WilliamsPerson: MadonnaOrganisation: EMIOrganisation: European courtOrganisation: WarnerOrganisation: EuropeanOrganisation: European Court of First InstanceOrganisation: EUOrganisation: SonyOrganisation: BMGOrganisation: UniversalOrganisation: Sony BMGOrganisation: ColdplayOrganisation: Red Hot Chili Peppers
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