Tuesday, July 04, 2006

Hedge Fund babe says Warner Music should take over EMI and not other way round!

In the confounding/never ending battle between Warner Music and EMI over which one should take over the other (??) it looks like Edgar Bronfman has got a little ego desperate by hooking in a reasonably irrelevant yet unabashedly outspoken Hedge Fund Babe to bat for him.

Eclectica Asset Management, which claims a 2% stake in EMI and a smaller investment in Warner Music, reiterates its argument that Warner should buy EMI, rather than the other way round, in a letter to the Financial Times. So that Bronfman can run the combined outfit.

Proving that Hedge Funders have larger gobs than ownership stakes!

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