Under another scenario, Citigroup’s bankers could offer to cancel debt in return for taking control of EMI’s music publishing arm, which owns the rights to albums by artists such as Pink Floyd and The Beatles and is valued at more than $2bn. If that happened, Hands would be free to look at a merger of EMI’s and Warner’s recorded music divisions, to create a new industry heavyweight.
via Warner ‘plans $750m bid’ for EMI’s recorded music division | Business | The Observer.
