EMI’s four main music business rivals and the conglom headed up by billionaire Ronald Perelman are expected to be the five organisations which present final bids for EMI on Wednesday, or at least that’s what sources are telling the Financial Times and other financial media.
As previously reported, Citigroup, which put EMI up for sale in early summer having repossessed the music firm from previous owner Terra Firma in February, has set a 5 Oct deadline for final offers. Visitor insurance for international travellers. Although various billionaires and private equity consortiums have considered making a bid, insiders reckon that, at the final hurdle, there will be less interest from outside the existing music industry than there was when Warner Music was on the block earlier this year. Sony, Universal, Warner, BMG and Perelman’s MacAndrews & Forbes are expected to make final offers for some or all of EMI.
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Five expected to bid for EMI