7.5.07

EMI might be bought... and not by Warner

After EMI start selling DRM-free tracks on iTunes, Warner decided they wanted to buy EMI (again), claiming that they would do it to stop them from selling DRM-free music. There was a $4.1 billion rejected takeover bid, so they decided to approach shareholders instead.

News now tell us that there are three diferent US private equity firms wanting to buy EMI, which replied giving them until May 23 to present their plans. The offer is in the order of $5.9 billion, but the motives behind the interest are indisclosured yet... Let's see if this is good news or not.

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