EMI Accepts British Equity Firm’s Buyout Offer

May 21st, 2007 // Comment

The long mystery of who, exactly, would pony up for the EMI Group may finally be solved. The BBC is reporting that the label has agreed to be bought by a European equity firm, Terra Firma, in a deal valued at $6.3 billion (£3.2 billion), including debts. The buyout still has to be approved by the company’s shareholders; if it is, Terra Firma could have the keys to EMI’s executive washroom in as soon as a few months.

Music giant EMI agrees takeover [BBC]

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