Sony has secured financing from an Abu Dhabi investment fund to back its bid for British music company EMI, an acquisition that would beef up its content catalogue as it struggles to compete with Apple... more
Private equity boss Guy Hands surprises the City as it emerges he is poised to re-open legal hostilities with Citigroup over his disastrous £4 billion purchase of EMI... more
Katy Perry's record label EMI is being eyed up for a takeover by billionaire Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi's Universal Music Group... more
Citigroup spent more than £1.4 million on accountants and legal advice in only seven weeks before it seized control of record label EMI from financier Guy Hands... more
As The Beatles sang in Penny Lane: "We see the banker waiting for a trim." Well, Guy Hands and his erstwhile friends at Citigroup have now taken a full haircut on their investment in EMI... more
EMI chief executive Roger Faxon makes clear his fierce opposition to any break-up of the record label after bankers Citigroup seized control from financier Guy Hands' Terra Firma
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'I must get on and run my other businesses for my investors' — that was the reaction today from Guy Hands to his defeat in a New York courtroom over his £4.2billion purchase of EMI... more
Terra Firma boss Guy Hands races to begin a new fundraising effort to keep control of record label EMI after his court defeat against lender Citigroup... more
Cleaners working for the EMI record company destroyed a collection of photographs and film of Blur at the height of the band's fame, it was disclosed ... more
Two of the City’s biggest players are at war over the future of British record label EMI. And the ‘commercial trial of the decade’ will be played out not here but in a New York courtroom... more
You've got to love Terra Firma boss Guy Hands' legal evidence of brown-nosing from Citigroup bankers as they allegedly persuaded him to overpay for their client, record label EMI... more
Private-equity firm Terra Firma has approves a resolution which allows for the injection of up to £500 million into debt-laden record label EMI ... more
The revolving door that is the senior management of EMI gets a further spin as executive chairman Charles Allen and Lord Birt, the chairman of its parent company, step down... more
Radiohead frontman Thom Yorke warns budding music stars to abandon dreams of signing with a major label, claiming the mainstream recording industry is dying... more
City Comment: You could be forgiven for not noticing that Guy Hands has been desperate to raise extra capital to keep EMI out of the clutches of its bankers... more
Debt-laden record label EMI suffers a major blow as talks over a lucrative deal with arch-rival Universal, which could have raised a crucial £200 million, collapsed... more
Media Analysis: An anxious music industry is watching to see whether debt-laden EMI is about to pass out into the hands of its US bankers Citigroup... more
EMI is plunged into more turmoil as its private equity owner Terra Firma parts ways with Elio Leoni-Sceti as chief executive to replace him with Charles Allen... more
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