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Monday, April 25, 2011

EMI Keeping Options Open

TAKE A NUMBER, CHUCK: Meanwhile, Charles Allen, who was Chairman of EMI for about five minutes in the waning days of the Guy Hands regime, told The Telegraph he’s keeping his options open for potential investors in advance of Citi’s sale of the music group and is eager to have personal involvement, although he said "the likelihood of anything happening" at this stage was slim. The story also echoed I.B. Bad’s contention that billionaire industrialist Len Blavatnik, whose Access Industries put in a bid for WMG, is also interested in EMI (presumably in league with his pal Edgar Bronfman Jr.), with the intent of merging it with Warner. (4/22a)

 
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