EMI Up On Acquisition Rumor

(CelebrityAccess MediaWire) — The third time may be the charm for EMI and Time-Warner. The two companies, which have attempted mergers in the past on two separate occasions, seem to be gearing up for another run.

The rumors have pushed share prices for both companies upwards with quality buyers piling into the stock with some speculation that Apple might also be tendering a bid, a report in The Independant said.

Any deal in the offing would still have to pass muster with EU regulators who have been unreceptive in the past, citing competition issues but with the BMG/Sony merger, that equation may have changed

The buyout rumors are likely based on EMI's poor performance of late, despite having artists such as Coldplay, Robbie Williams, and Gorillaz in it's portfolio

EMI is the world's third-largest record company, Warner is the third-largest in the US but are still dwarfed Universal and Sony-BMG. – CelebrityAccess Staff Writer

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