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Topic History of: EU Stop Sony BMG merger
Max. showing the last 5 posts - (Last post first)
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DJones |
Thu Jul 13, 2006 9:50am ET
NEW YORK, July 13 (Reuters) - Warner Music Group (WMG.N: Quote, Profile, Research) shares fell more 12 percent to $26 on Thursday in early composite trading in reaction to the news that a European court has annulled the European Union's approval of a 2004 merger between Sony Music and BMG.
The deal throws doubt on merger discussions between the Warner Music and its larger rival EMI Group (EMI.L: Quote, Profile, Research).
Both companies have bid around $4.6 billion for each other in the last few weeks. |
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DJones |
By Steve Goldstein
Last Update: 5:44 AM ET Jul 13, 2006
EMI shares tumbled 9% in London, following a European court annulling the European Commission's approval of Sony-BMG's recorded music venture. EMI has been in talks with Warner Music
Stay tuned, more "hits" to follow when America opens ... |
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DJones |
This will be a bad day for Rolf & Andy, but also for Eric & Edgar.
Thank God, I sold my EMI shares .... |
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