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HOW TO BE A BILLIONAIRE: It had to happen, unfortunately... EMI has launched a GBP1bn bid for Warner's recorded music companies in a bid to try and stymie the plans for Warner Music to merge with BMG. Failing that, it's offering to hoover up any bits that regulators make a united BMG-Warner get rid of to allow them to come together.
A few years back, everyone wanted to own record labels. Now, it's only other record companies who want to own record companies. What does that tell you about their attractiveness?
Monday, August 18, 2003
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