EMI Takeover Bid For WMG Rumored

"EMI is preparing to make a takeover bid for US rival Warner Music in a deal that would create the second-biggest music group in the world, writes the Mail on Sunday."

"City sources indicate that EMI, under executive chairman Eric Nicoli, is likely to make an approach to Warner within weeks. Regulatory issues, which have previously thwarted the companies’ attempts to merge, are now considered less onerous."  – MoneyWeek