Quantcast

Hands on the Stand

HANDS ON THE STAND: Terra Firma’s Guy Hands took the witness stand and testified that he would not have bid for EMI Music if not for the information provided by Citigroup banker David Wormsley that there was a rival offer he had to beat. The trial centers around three telephone conversations between Hands and Wormsley over the weekend of May 19-20, 2007, as a May 21 deadline to bid for EMI approached. Hands claimed that Wormsley told him at the time that private equity firm Cerberus Capital was making a rival bid for the music group, which was not the case. Terra Firma paid 265 pence per share for the music company after being told Cereberus would offer 262. “He told me not to play any games with the price,” said Hands. Wormsley is slated to tell his side of the story later in the trial, but Citigroup lawyers argued that the Terra Firma ruler decided to sue only after losing most of his investment in the ill-timed deal. (10/19p)

NEAR TRUTHS: SPRING BLOOMS
Here come the big guns. (3/28a)
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
CITY OF HOPE TAPS MARCIANO FOR TOP HONOR
This year's philanthropic model (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)