Possible EMI merger heats up
CANNES - At this year's Midem music industry conference on the French Riviera, music executives have been actively speculating over a possible, future merger concerning Roxette's record label EMI. Sources close to the world's third largest record company have said that EMI has been in discussions with both BMG and Warner Music. So rife is the speculation of a possible merger that EMI's shares have climbed a respectable 18 percent in the last two weeks.
Meanwhile, EMI has declined to comment on what they called "market rumors".
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