May 4, 2007

EMI released a statement today that said the company "has received a number of preliminary indications of interest to acquire."

Reports say that private equity firm One Equity Partners was the company that approached EMI. This Reuters article, pointing to a figure reported in the Financial Times, put the bid amount at $6 billion.

The last bid, which was rejected, by Warner Music Group was $4.2 billion.

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Posted by Glenn at 1:01 PM | | | EMI