Monday, August 18, 2003

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?


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