Wednesday, 3 December 2008
EMI Staggers Again
I only follow Guy Hands's acquisition of EMI here because whenever I write about them for Bloomberg, suggesting in the mildest possible terms that it wasn't the greatest deal ever, I get a furious call from their PR people. So it was interesting to read in the the FT today that more money had had to be put into the company and some of the senior managers had left. Still a great deal? I suspect it may be a while before it shows a profit.