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Wednesday, February 2, 2011

WEMI won't happen that fast

EASY DOES IT: Meanwhile, in a piece on Forbes.com, entertainment attorney Lori Landrew opined, “WMG has an obligation to its shareholders to explore all alternatives, including a possible sale of assets. However, I do not believe that WMG is seriously putting itself on the block at this time. [But] I don’t think that Citigroup will rush into that union. Particularly [given the] extent that others are expressing interest in EMI.” In the meantime, Warner stock continues to edge upward on the EMI news. (2/2a)

 
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