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News

27 Jul 2006

EMI and Warner Music shelve bids

http://www.ft.com/cms/s/1bde5a0a-1ce4-11db-9780-0000779e2340,_i_nbePage=bbb5d774-d441-11da-a357-0000779e2340.html

78_rpm_record_player.jpgBy Emiko Terazono and Andrew Edgecliffe-Johnson in London [Financial Times, 27 July 2006]

EMI and Warner Music on Thursday shelved their bids for each other, two weeks after a European court judgement cast doubt on whether regulators would allow further consolidation in the music industry.

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