EMI stalls on Warner takeover move

Music group EMI said today it had shelved plans to pursue a £1.35bn (€2bn) takeover of US counterpart Warner Music Group.

EMI stalls on Warner takeover move
Thu, 27 Jul, 2006 - 09:31

Music group EMI said today it had shelved plans to pursue a £1.35bn (€2bn) takeover of US counterpart Warner Music Group.

The move comes after a European court judgment cast doubt on whether regulators would allow further consolidation in the music industry.

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