EMI negotiating a merger with Warner Music – again
LONDON - EMI Group Plc, the London-based head office of Roxette's record company, has returned to the negotiating table with Time Warner. According to sources, EMI is refreshing the offer they made earlier this year to take control of Time Warner's music branch. The rumor has it that EMI is offering Time Warner 1.5 billion Euros.
At the same time, Time Warner is in talks with German media giant Bertelsmann about joining forces in music business. The joint venture of Warner Music and Bertelsmann's BMG would create the world's second biggest music company.
Time Warner, Bertelsmann, Warner Music, BMG and EMI have all declined to comment.
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