Mergers and Acquistions News
Categories: Media & Information Services, Software
October 13th 2011, 15:19PM
Organisations interested in making an investment in EMI Group are likely to face a decision over which part of the business they want to get involved in.
That is according to a report published by Reuters, which states that the music company has decided to sell off its firm as two separate entities - song publishing and recorded music - after receiving several final offers from interested parties.
Sources close to the prospective deals told the news source that BMG Music and Sony/ATV - a joint venture between the estate of Michael Jackson and Sony - have both made bids to EMI.
Citigroup - which took control of EMI earlier this year - is now considering which of these offers are best-suited to the business requirements of the firm in the near future.
Recently, it emerged that French digital music provider Deezer had agreed a merger with telecommunications firm Orange to launch a brand to challenge Spotify, the Financial Times reported. 
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