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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Warner and KKR consider EMI break-up bid: report AFP - Monday, March 15 Send IM Story Print US firm Warner Music has joined forces with private equity giant KKR to consider a bid for British music company EMI, which would break the company up, a newspaper reported Sunday. LONDON (AFP) - – US firm Warner Music has joined forces with private equity giant KKR to consider a bid for British music company EMI, which would break the company up, a newspaper reported Sunday. Warner and the private equity firm met in recent weeks to discuss the bid for EMI, which has been hit by financial problems and may be put up for sale in summer, said Britain's Sunday Times, without citing a source. Warner has long coveted rival EMI's recorded music division, and a tie-up would bring together EMI's stable of artists including Coldplay and Robbie Williams with groups such as Red Hot Chili Peppers from the Warner camp. KKR is reportedly keen to acquire EMI's music publishing arm, which owns the rights to songs such as "Over the Rainbow" and "Santa Claus is Coming to Town." EMI must devise a rescue plan to persuade investors to put up another 120 million pounds (180 million dollars, 130 million euros) or face being taken over by its lender, Citigroup, in June. There has not yet been any contact with EMI, which is owned by private equity group Terra Firma, said the Sunday Times, adding a bid was unlikely until the company had resolved the conflict with Citigroup. Renewed speculation comes days after EMI Music announced the departure of chief executive Elio Leoni-Sceti, who has been replaced by Charles Allen, former boss of British television network ITV. Recommend Send IM Story Print News Search Top Stories France's Lagarde hits German trade surplus: report Scientists crack opium poppy's genetic code Satisfied with oil prices, OPEC to sit tight on output Luxurious black granite draws envy of poor Zimbabweans Warner and KKR consider EMI break-up bid: report More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Stock market dips 'linked to heart attack surge' Scientists crack opium poppy's genetic code Luxurious black granite draws envy of poor Zimbabweans Prince Philip in strip club gaffe British fertility clinic raffling human egg More Most Viewed » Chile quake moved Earth's axis, shortened days: scientist Experts confirm asteroid wiped out the dinosaurs 'Britain's Fritzl' raped daughters for over 25yrs Florida killer whale to stay in park after deadly attack Researchers back cancer-fighting properties of papaya More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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