Hints and tips:
...In the past five years, Sony has gone on an acquisition spree to expand its entertainment assets, buying EMI Music Publishing for $2.3bn and spending $1.2bn to acquire AT&T’s anime streaming service Crunchyroll...
...“Everybody has flown in for the first time in three years,” enthused Emi Eu, director of Singapore’s STPI gallery at the opening of her city’s newest fair, Art SG, which runs until Sunday....
...Armed with $14bn in cash, Mr Yoshida’s biggest deal so far is the $2.3bn purchase of EMI Music Publishing in 2018, which transformed Sony into the world’s largest music publisher....
...One Guy Hands thing to start: the UK private equity man, best known for his disastrous bet on the record label EMI, is annoyed with his peers....
...Such is its importance to the sector, that the sale of a stake in Now to Sony Music was one of the main remedies required by regulators when Universal Music bought EMI in 2013....
...(Hands spent years in a legal battle with Citi over his disastrous purchase of music label EMI). Hands to Hague (with a grimace): “Who?” 2....
...ventures (FT) Activist Elliott Management to push Nielsen Holdings to sell (WSJ) KKR steps up India presence with stake in Ramky Enviro (FT) Independent labels urge EU to block Sony’s $2.3bn bid for EMI...
...Mr Hands has been meeting investors to emphasise how EMI’s disaster was a one-off and out of anybody’s control due the global financial crisis....
...Guy Hands has revealed that it was a “great relief” to drop a lawsuit alleging Citigroup misled him into buying music label EMI....
...Citi took over EMI in 2011 to recoup £2.5bn of loans it provided for the £4.2bn takeover. Terra Firma lost its £1.75bn stake in EMI when Citi took control....
...Citi took over EMI in 2011 to recoup £2.5bn of loans it provided for the £4.2bn takeover. Terra Firma lost its £1.75bn stake in EMI when Citi took control, reports Jane Croft in London....
...The “disastrous” EMI deal resulted in a £1.5bn loss for Terra Firma and $1bn for Citi as well as wiping out €200m of Mr Hands’ own personal fortune....
...He told the court the main reason was the long running litigation around EMI. Citi lost $1bn and Terra Firma lost £1.5bn in the 2007 EMI deal....
...in EMI equity if not for the conflict of interest....
...Mick Jagger and friends ended up abandoning EMI a year after Terra Firma took over....
...Terra Firma said: “This is a new trial, with new evidence and new allegations of fraud against Citi regarding the sale of EMI....
...Until last month, the pair had been in a long-running legal battle over Hands’ ill-fated £4.2bn takeover of music group EMI, which he alleged Citi had misled him into buying....
...The sale of Odeon is also a much-needed boost for Terra Firma, which last month abandoned an expensive lawsuit against Citigroup over its collapsed takeover of the music group EMI in 2007, which the bank...
...A Sony-led consortium acquired EMI Music Publishing four years ago for $2.2bn; Sony/ATV manages EMI on an arms-length basis, a regulatory condition of the Sony group’s purchase....
...Nicola Blackwood, chair of the commons science and technology committee, said that the “current lack of clarity within the draft Investigatory Powers Bill is causing concern among businesses....
...The Beatles’ recordings are controlled by Apple Corps, the band’s own management company, and music label EMI....
...The DoJ court filing claims Mr Low laundered more than $400m into the US, using at least $106.7m to acquire a stake in EMI Music Publishing Group North America Holdings Inc, the world’s third-largest music...
...In 2011, Mr Low spent more than $106m in misappropriated funds to acquire a stake in EMI Music Publishing Group North America Holdings Inc, the world’s third-largest music publishing company, prosecutors...
...The songs under management include works represented by EMI Publishing, which was acquired by a Sony-led consortium for $2.2bn....
...Pharmaceuticals group GlaxoSmithKline, retailer Alliance Boots and music business EMI are among the companies to have struck “bulk annuity” deals, which relieve them of pension headaches in return for a...
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