The reported EMI offer is a cash and shares takeover bid, which is a better deal for AOL, which, like all of us, could use a little dough right about now. The stock stake being offered to Warner shareholders is believed to be in the 20-40% range of the enlarged company. Retaining an interest in the combined unit would allow AOL Time Warner to reap synergy benefits and cost savings. The combined EMI/Warner Music is valued at around $942 million.
It was way back in the heady days of 2000 when the two first started courting. The two flirted, danced, and even kissed, but after a long romance, never went all the way after European Commision regulators insisted that the two not marry (hitsdailydouble, April 16, 2001). Reports suggest that regulators would be more likely to let the two consummate their vows in the current dismal climate of the music biz.
And you thought you’d never hear from Mario Monti again.
OH, TANNENBAUM! ANOTHER GREAT CAREER HITS THE SKIDS
Another talented journalist trapped in the career cul de sac (5/20a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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