EMI Drops Effort to Buy Warner Music After EU Ruling

Posted July 31, 2006 — in Music News

Some older news as in 36 hours, but still big news that we all knew was about to happen.

EMI GroupĀ  ended a third effort to buy Warner Music Group and form the world’s second-biggest music company following a European Union court decision that
damped prospects for regulatory approval. EMI shares fell. EMI has decided not to pursue a combination with Warner Music for the time being, the London-based company said today in a PR Newswire statement. “The board will review this
position in the light of future developments.”

No Comments »

No comments yet.

RSS Icon Comments Feed / TrackBack URL

Leave a comment

Send Tips









Enter your e-mail address
to receive our newsletter!