EMI has received a bid approach from Warner Music, the latest twist in a seven-year battle in which the two music groups have tried to buy each other. “If a proposal is made, it will be considered with a particular focus on conditionality, the regulatory and operational risk profile, and on valuation in relation to the company’s standalone value and the value creation available from a combination,” EMI said in a statement.
Last July the two music firms terminated their pursuit of each other after a European court ruling over Sony Music and Bertelsmann’s BMG merger cast doubt over the chances of this deal.