EMI Group The Next Company To Go Private?

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EMI Buyout Approach Raises Chance of Breakup [Wall Street Journal]

Summary: Despite its heavy debt and low credit rating, EMI Group, the world's third largest music company, has been approached for a buyout, though it's not clear by who (rumors are the suitor is European private-equity fund Permira Advisers Ltd.). The buyer could then sell off some of EMI's assets to reduce the debt load; analysts have mentioned Warner Music Group as a potential buyer of EMI's large operations in Latin American and Europe. Both EMI and Permira declined to comment on the story.
Related links: Media coverage: NY Times DealBook. Commentary: Vivendi Buys BMG -- Becomes World's Biggest Music Publisher • EMI Abandons Its Takeover Bid for Warner Music • YouTube's Warner Music Group Deal: The Technology Made the Difference • Warner Music (WMG) reports a smaller loss. Conference call transcripts: Warner Music Group Q3 2006.
Potentially impacted stocks and ETFs: EMI Group (EMIPY.PK), Warner Music Group (WMG) • Competitors: Sony (SNE).

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