EMI Acquired For US$6B – Digital and Online Strategy to “Accelerate”
The BBC reports that EMI Group has agreed to be bought by private equity firm Terra Firma for £3.2bn including debt, which is around US$6.3B. The deal isn’t confirmed yet, because it is subject to shareholder approval. As BBC noted, EMI’s sales have been in decline of late – the company reported a £260m loss … Read more