Warner Music, the world's 4th largest music company, has rejected a $4.2 billion takeover approach from its larger rival EMI Group, the latest move in a long-running quest to combine the companies (EMI have bid for Warner Music 4 times in the recent past).
Given the article just written in sister channel businessuncut daily - it looks to us like it might be time for Time Warner to spin their music division off. But then again EMI will probably come back with a higher bid, so they may well do it.
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