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The long mystery of who, exactly, would pony up for the EMI Group may finally be solved. The BBC is reporting that the label has agreed to be bought by a European equity firm, Terra Firma, in a deal valued at $6.3 billion (£3.2 billion), including debts. The buyout still has to be approved by the company’s shareholders; if it is, Terra Firma could have the keys to EMI’s executive washroom in as soon as a few months.
EMI Accepts British Equity Firm’s Buyout Offer
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