This article is from the source 'bbc' and was first published or seen
It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/6377857.stm
The article has changed 5 times. There is an available.
|EMI receives Warner bid approach
||EMI receives Warner bid approach
(10 minutes later)
|Music group EMI says it has received an approach from US rival Warner Music that could lead to a takeover bid.||Music group EMI says it has received an approach from US rival Warner Music that could lead to a takeover bid.|
However, the firm said it had not yet received an offer and added there was no certainty that a bid would be made.
Last Wednesday, EMI - whose artists include Coldplay and Robbie Williams - warned that its annual profits would be "significantly" below expectations.
The company said sales in its recorded music division were expected to be 15% lower than the year before.