The clock ticks down for EMI
September 27, 2011 by Norman Lebrecht
Citigroup, the default owners, have set October 5 as the final date for best-offer bids on the failing record giant.
That’s ten days to change the music world.
Smart money is on Warner, the only major player that will not attract a monopolies or antitrust investigation (as Sony or Universal would).
But don’t discount Murdoch. The empire has cash to spare and likes surprises. Of the non-hacking kind.
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