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Topic History of: EMI rejects Warner bid
Max. showing the last 5 posts - (Last post first)
Author Message
DJones Four weeks ago Bronfman Jr was against a merger with EMI:

Do you think the music industry is ripe for consolidation?
Consolidation for [its own] sake does not make a lot of sense. Ours is not a business that requires scale economics. Music companies have two areas where they add value. One is the editorial side of the business -- finding and nurturing talent. The second is the marketing of those artists, bringing them through a massive number of different channels and promoting their music. Warner Music is large enough to do both and to continue to grow.

http://www.businessweek.com/magazine/content/06_21/b3985088.htm

That WMG now wants to buy EMI proves that Bronfman Jr is just a pawn in the game(s) his backers (Thomas H. Lee) are playing.

Scott M Sperling on Bronfman:
The deal with Edgar is, he does a good job or someone else comes in to do a good job.

http://www.nytimes.com/2003/11/30/busine...ourmoney/30tomm.html
DJones http://business.timesonline.co.uk/articl...9071-2247206,00.html
DJones Why bother with selling music, if you can double your share price with a pseudo take-over battle.

... and rememember where you read it first:

WMG to buy EMI? - 2006/05/04 14:36

The EMI bid makes no sense. It's too expensive for EMI, and there's no premium for the WMG-investors

But what about WMG buying EMI?

At present EMI is valued 4 billion dollars, 20 per cent less than the WMG (it should be the other way round).
Merger? What happened to the good old fashioned "merger Agreements" that companies used to do? I assume not enough money in it for the "Advisors" and "Lawyers"??!!??
In The Know http://news.bbc.co.uk/1/hi/business/5123946.stm
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