• Clear Channel agreed to an increased offer of $39 a share -- $19.5 billion in total -- from private equity firms Thomas H. Lee and Bain Capital. Shares are currently trading at $36. Some investors may hold out for a higher offer, but Lee and Bain called $39 their "best and final" offer. (BBC News)

• EMI is in talks with Singapore-based Soundbuzz to offer DRM-free tracks in "multiple markets" in Southeast Asia. (Billboard.biz)

• Amazon.com launched a new music section, called "Go Indie," dedicated to indie music. It has a "hand-picked selection" of nearly 700 titles, 150 of which sell for $9.99. (Press release)

• Standard Life Investments, which owns about 1% of EMI's stock, believes a merger with another media company would be the company's best option. "And it's hard to argue against the logic of large players in the industry coming together and sharing the benefits of cost saving and all sorts of rationalisation that would come with that," said an investment analyst with the company. (Forbes.com)

• Sprint Nextel will open a virtual concert venue in the Second Life virtual reality site that will cater to fans of Latin music. The Sprint Center will stream pre-recorded performances from the Telemundo series "Concierto Clandestino." (Billboard.biz)

[music jobs] HR Manager at EMI NA; New York, NY.