The big four may become the big 3 if plans go ahead to sell out to this new shell corporation.
http://www.slyck.com/story1474.htmlEMI Group, one of the "Big Four" record labels, has accepted a takeover offer from a newly formed corporation known as Terra Firma. Regulatory laws may have had something to say about previous takeover offers from Warner and Sony BMG (two other "Big Four" record labels.)
The deal was reached when Terra Firma offered the money upfront and promised no problems with European Union regulators. Rumours say that Terra will eventually sell the record company to Warner as time goes on as regulators are still examining the Warner and EMI deal.
The deal is valued at 3.2 Billion pounds (4.7 billion USD).
Whilst they have recently become embroiled in an investigation over a proposed takeover by Warner, it seems a backdoor sellout may be possible using this newly formed company, as it is looking likely this new company will sell out to warner its a blatant attempt to run ring round the industry regulators, warner is likely to re-introduce DRM, reversing the recent EMI decision to remove it. I hope this is looked into thoroughly.
