RUMOR MILL
Back to Rumor Mill >
“Discussions are at a very preliminary stage and there is no assurance that they will result in an agreement acceptable to both parties. Close cover before striking. Do not use if temperatures exceed 100 Farenheit. If product is exposed to sunlight, do not inhale fumes."
Monday, September 22, 2003

WARNER PLAYING
“LET’S MAKE A DEAL”

Cash, Stock Deal From EMI is Behind Door #2
Confirming what everybody knew, EMI has announced that it is in talks with AOL Time Warner (soon to be called just Time Warner again) for the Warner Music Group.

In a carefully worded statement, the EMI acknowledged they were still interested in a merger with the company they wanted to hook up with three years ago: “In view of speculation in the weekend press, EMI Group plc announces that it has now entered non-exclusive discussions with AOL Time Warner Inc. with regard to a possible transaction involving the recorded music division of the Warner Music Group. Discussions are at a very preliminary stage and there is no assurance that they will result in an agreement acceptable to both parties. Any potential transaction would be subject to shareholder and regulatory approval. Close cover before striking. Do not use if temperatures exceed 100 Farenheit. If product is exposed to sunlight, do not inhale fumes.”

Various press reports pegged the offer as $1 billion in cash, $500 million in EMI stock and a 25% stake in the combined companies.

Talks between AOLTW and Bertelsmann reportedly continue, though the exclusivity agreement expired last week, allowing those crafty Brits to make their move.

 
BACK TO RUMOR MILL
 
HITS LIST BLASTS OFF
Space is the place for Tay. (4/29a)
Check It Out Now
TAY RACKS UP STATS, OBLITERATES RECORDS
What did you expect? (4/29a)
Check It Out Now
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
Let's make a deal. (4/29a)
Check It Out Now
SONG STREAMS: SWIFT SETS STREAMING RECORD
Another triumph for the master marketer (4/29a)
Check It Out Now
CLIVE CHATS CLIVE, CARNEGIE HALL TRIBUTE AND MORE
The ageless one is feted. (4/29a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions