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Terra Firms extends offer for EMI

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By Guest

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emi.jpgThe extension now has the bid ending July 4. As of Thursday, Terra Firma had received acceptances for 3.53 percent of EMI.

 

The extension comes amid continued speculation that longtime EMI suitor Warner Music Group Corp. could submit another bid rivaling the Terra Firma bid. Among the artists recording for London-based EMI are Norah Jones and Coldplay.

 

New York-based Warner Music Group (NYSE: WMG) has a significant Los Angeles presence, with its Burbank-based Warner Bros. Records, Los Angeles-based Warner/Chappell Music and Burbank-based Rhino Entertainment Co.

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