Warners won't come knocking again

The sniffy reaction of the EMI board to what Warners saw as a perfectly good offer for its staff and offices and bits and bobs has caused hurt and upsetment.

Warners is now thought to be unlikely to up its offer, holding off until its seen the books before deciding if it's going to raise its valuation on the company. In teenage relationship terms, then, Warners has offered a couple of Bacardi Breezers and a bag of chips, but it's going to want to cop a feel before investing in a bottle of vodka and a bounce on the sofa in the back of it's elder brother's van.