The Inquirer-Home
Communications > Broadband

China Mobile said to be behind bid for EMI

Music on the move
By INQUIRER newsdesk
Mon Jul 30 2007, 10:04
CHINESE MEDIA reports that China Mobile is behind moves to acquire British music company EMI.

A report on China Tech News states that China Mobile is behind private equity firm Terra Firma's attempts to buy up the company.

Terra Firma offered some £2.4 billion for the outfit earlier in the year. Initially, the deal had to be accepted by shareholders by yesterday but Terra Firma has since extended the deadline until Wednesday.

Some reports have it that almost 85 per cent of the company has committed to Terra Firma. The outfit need a 90 per cent commitment for the deal to be done, apparently. µ

L'INQ
chinatechnews

Share this:

< Previous article| Next article >
Comments

There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.

aboutus
Advertisement
Subscribe to INQ newsletters
Click here to sign up Existing user
INQ White papers

Databases

Network management

Security

Service oriented architecture

Storage
Advertisement
INQ Jobs
INQ Poll

Authorities in several countries raided Megaupload recently, shut down all of its services, seized hundreds of servers and arrested several of its executives on criminal charges.

Do you think the move was justified?

View other polls
Follow us:
Business & Technology websites:
Business research resources:
Products:
Investment Market IT websites:
Find out what you are worth:
Search for a job:
Recruitment Agency A-Z Directory
Accreditations: