EMI May Still Be In Play

"...a source close to Warner Music Group said that as of late yesterday afternoon the rival music company was still debating whether to trump Terra Firma's offer or wait until after the private-equity firm closes its acquisition with EMI to negotiate a deal to buy EMI's recorded music division."

"And sources said former EMI executive Jim Fifield is still scrambling to secure the necessary financing to lob in an offer after private-equity firm Corvus Capital unexpectedly backed out at the last minute..."
- New York Post