Warner shelves bid for EMI

US-based Warner Music Group says it has decided against making an offer to acquire British rival music company EMI.

Warner shelves bid for EMI
Wed, 18 Jul, 2007 - 02:29
1

US-based Warner Music Group says it has decided against making an offer to acquire British rival music company EMI.

But Warner Music, based in New York, said last night that it reserves the right to make an offer or to participate in a takeover bid for EMI by someone other than the private-equity firm Terra Firma Capital Partners.

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