EMI agreed to a Pounds 2.4 billion ($4.73 billion) takeover by pr...
EMI agreed to a Pounds 2.4 billion ($4.73 billion) takeover by private equity group Terra Firma, Reuters and others reported Mon. Terra Firma is said to be planning to keep the music company intact. U.K.-based EMI and Warner have…
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been talking merger on & off for 7 years but couldn’t close a deal, Reuters said. In preliminary results for the quarter ended March 31, EMI reported music sales dropped 15%, pretax profits more than 60%.