EMI SALE TIMELINE

The EMI sale timeline

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CITIGROUP SEIZES OWNERSHIP OF EMI

02.02.11 > As Citigroup takes control, what next for EMI?

04.02.11 > Citigroup’s EMI grab possibly took Terra Firma by surprise

24.02.11 > Guy Hands reflects on EMI

18.09.12 > Credit crunch caused EMI deal to go bad, says Terra Firma chief

05.10.12 > Terra Firma wants a new trial in its EMI dispute with Citigroup

06.03.13 > Hands chats about his EMI adventure


PRE-SALE RUMOURS AND SPECULATION

28.01.11 > So, who is going to buy EMI?

11.02.11 > Hands says he would re-bid for EMI if the price was right

21.03.11 > Citigroup talking to EMI bidders

30.03.11 > Bertelsmann CFO confirms BMG’s acquisition intent

13.04.11 > Citigroup says it will sell EMI to one buyer

03.05.11 > BMG and Universal may co-bid for Warner and EMI

16.05.11 > Citigroup approaches Blavatnik about EMI?

10.06.11 > Citigroup to step up EMI sale, BMG might like it if Warner was successful


THE SALE NEGOTIATIONS

21.06.11 > For sale, Electric And Musical Industries

22.06.11 > Universal interested in bidding for EMI

24.06.11 > EMI buyer speculation

07.07.11 > Citigroup to seek EMI bids by end of month

18.07.11 > Bertelsmann chief: We’ll likely bid for EMI, but probably won’t win

20.07.11 > Can Warner afford to buy EMI?

26.07.11 > BMG submits EMI bid, says Post

04.08.11 > Could EMI go for £2.5 billion?

08.08.11 > More speculation over bidders for EMI

18.08.11 > CAA investor bidding for EMI


THE SALE NEGOTIATIONS: FINAL STAGES

01.09.11 > Second round of bidding for EMI due next week

27.09.11 > Citigroup sets 5 Oct deadline for EMI sale

03.10.11 > Five players expected to make final bid for EMI

05.10.11 > Does it matter that EMI will likely cease to be British?

06.10.11 > Sony gets partners for its EMI bids

10.10.11 > Citigroup committed to selling as new bidder enters race for EMI

13.10.11 > Insiders say EMI likely to be split as part of sale

27.10.11 > Warner and BMG back to being favourites in EMI bidding race

28.11.11 > Universal out of race to buy EMI

31.10.11 > Now Warner pulls out of EMI bidding

07.11.11 > Universal and Warner may both be back in the running for EMI

10.11.11 > Citigroup now compromising to speed up EMI sale


UNIVERSAL WINS THE BIDDING FOR THE EMI RECORD COMPANIES

11.11.11 > Vivendi confirms Universal purchase of EMI recordings

11.11.11 > EMI CEO Roger Faxon announces sale in letter to staff

12.11.11 > The end of an era – EMI assets sold to major label rivals

16.11.11 > Vivendi sells small stake in Activision – motivated by EMI deal?


SONY/ATV WINS THE BIDDING FOR EMI PUBLISHING COMPANY

12.11.11 > Sony/ATV confirms acquisition of EMI Publishing

12.11.11 > The end of an era – EMI assets sold to major label rivals

08.12.11 > The future of EMI Publishing: Sony chief chatters


WHAT WILL THE DEALS MEAN FOR EMI?

14.11.11 > The EMI sale – some questions

15.11.11 > EMI chief briefs staff on takeover process

15.11.11 > Roger Faxon’s memo to staff about the EMI sale

10.01.12 > Citigroup in talks with EMI pension fund


COMMENT ON THE SONY AND UNIVERSAL DEALS

14.11.11 > The EMI sale in quotes

16.11.11 > BMG not too upset to lose out in EMI race

09.12.11 > Warner boss has no regrets over EMI sale


INDIE SECTOR’S OPPOSITION TO THE SONY AND UNIVERSAL DEALS

09.11.11 > IMPALA calls on EU to explore options for intervening on acquisition of EMI

11.11.11 > IMPALA responds to Universal’s EMI deal – confirms it will oppose it

20.01.12 > AIM rallies members to oppose EMI sale

27.01.12 > IMPALA restates EMI sale opposition

21.02.12 > IMPALA restates opposition to Universal’s EMI deal as major files papers

16.04.12 > Beggars man expands on his opposition to Universal’s EMI deal

21.06.12 > Mills reaffirms opposition to Universal’s EMI deal

22.06.12 > Uni/EMI under the spotlight on Capitol Hill

25.06.12 > Azoff hits back at Congressional Uni/EMI opponents

29.06.12 > Essential chief says he was misquoted at Congressional hearing on EMI

17.07.12 > IMPALA co-president backs Universal’s EMI deals, subject to concessions

18.07.12 > Merlin will continue to oppose Universal/EMI merger

23.07.11 > More indies support Universal’s EMI deal, yet regulators still not convinced

26.07.12 > Panegyric’s Declan Colgan on Universal’s EMI bid

26.07.12 > Bella Union’s Simon Raymonde on Universal’s EMI bid

27.07.12 > AIM maintains opposition to Universal’s EMI bid

31.07.12 > US indies group calls for American remedies for Universal/EMI deal

02.08.12 > Future Of Music Coalition reaffirms opposition to Universal’s EMI bid

18.09.12 > IMPALA calls on EC one more time to block Universal/EMI

19.09.12 > Universal/EMI approved in Australia, indie community speaks out


WARNER’S OPPOSITION TO THE SONY AND UNIVERSAL DEALS

18.01.12 > Will Warner oppose Universal’s EMI deal?

01.02.12 > Warner will fight Universal’s EMI takeover, says outgoing Chairman

10.02.12 > Warner CEO confirms his company will oppose EMI sale

23.02.12 > Warner owner still hopes to buy EMI assets

22.06.12 > Uni/EMI under the spotlight on Capitol Hill

25.06.12 > Azoff hits back at Congressional Uni/EMI opponents


THE REGULATORY PROCESS

20.02.12 > Universal files its EMI bid with European regulators

21.02.12 > IMPALA restates opposition to Universal’s EMI deal as major files papers

28.02.12 > Sony/ATV files EMI Publishing bid with EC

29.02.12 > IMPALA reaffirms opposition to Sony/ATV’s EMI deal

08.03.12 > US lobbying group publishes letter opposing EMI deals

16.03.12 > Universal’s EMI bid heading for phase two of EC investigation

20.03.12 > IMPALA welcomes rumoured EC concerns over Universal’s EMI deal

26.03.12 > EC outlines specific concerns

28.03.12 > Sony/ATV offer EMI concessions in Europe

30.03.12 > NZ competition regulators launch investigation

03.04.12 > Sony proposes sale of Virgin publishing catalogues to sweeten EMI takeover

16.04.12 > Beggars man expands on his opposition to Universal’s EMI deal

18.04.12 > Two artist unions give conditional support to Universal’s EMI bid

23.04.12 > Global artist union opposed to Universal’s EMI deal

25.04.12 > EC sends out new questionnaire over Universal’s EMI bid

27.04.12 > Pressure groups want US senate to consider Universal’s EMI bid

09.05.12 > Queen manager supports Universal’s EMI bid

14.05.12 > Universal’s EMI bid to be considered in US Senate

11.06.12 > EC to provide Universal with statement of objections over EMI deal

15.06.12 > Universal’s EMI deal to get congressional hearing next week

20.06.12 > Universal receives Statement Of Objections over EMI bid from EC

21.06.12 > Mills reaffirms opposition to Universal’s EMI deal

22.06.12 > Uni/EMI under the spotlight on Capitol Hill

25.06.12 > Azoff hits back at Congressional Uni/EMI opponents

28.06.12 > Universal spin allegedly delays IFPI report

29.06.12 > Essential chief says he was misquoted at Congressional hearing on EMI

02.07.12 > Universal boss reassures staff after parent company chief resigns

06.07.12 > Universal submits response to EC concerns over EMI deal

09.07.12 > Vivendi chairman steps in to help Universal’s EMI bid

08.11.12 > Brazil competition regulator limits Universal and Sony’s EMI acquisitions


THE REGULATORY PROCESS: SONY/ATV DEAL APPROVED

19.04.12 > EC to green light Sony’s EMI deal, as Marty moves to allay staff fears

20.04.12 > EC approves Sony/ATV’s EMI deal

29.06.12 > EC publishes summary of its decision on Sony buying EMI Publishing

02.07.12 > Sony consortium acquires EMI Publishing after getting FTC approval


THE REGULATORY PROCESS: UNIVERSAL OFFERS CONCESSIONS

11.07.12 > Grainge has a new manifesto for music, just as long as he gets EMI

17.07.12 > IMPALA co-president backs Universal’s EMI deals, subject to concessions

18.07.12 > Universal continues to wrangle over what assets must go

18.07.12 > Merlin will continue to oppose Universal/EMI merger

19.07.12 > Asset sale proposals widen as Universal fights for EMI

19.07.12 > FAC says artists should get first dibs on any EMI assets up for sale

20.07.12 > Zelnik and Branson speak about their Virgin ambitions

23.07.11 > More indies support Universal’s EMI deal, yet regulators still not convinced

26.07.12 > Universal finalises its divestment plan to win EMI bid approval

26.07.12 > Panegyric’s Declan Colgan on Universal’s EMI bid

26.07.12 > Bella Union’s Simon Raymonde on Universal’s EMI bid

27.07.12 > AIM maintains opposition to Universal’s EMI bid

27.07.12 > Could Universal sell Parlophone to get EMI deal approval?

27.07.12 > Universal submits proposals for remedies to EMI bid to EU regulators

30.07.12 > Universal proposes radical divestments to smooth through EMI deal

31.07.12 > US indies group calls for American remedies for Universal/EMI deal

02.08.12 > Future Of Music Coalition reaffirms opposition to Universal’s EMI bid

06.08.12 > EC sends detailed questionnaire to stakeholders

08.08.12 > EMI posts loss, draws Prof Green wrath

10.08.12 > Most stakeholders satisfied with Universal’s EMI concessions

10.08.12 > CMU Beef Of The Week #122 > Professor Green v EMI

13.08.12 > Could Universal just sell off EMI in its entirety?

20.08.12 > More Universal/EC talks expected to try to reach a resolution on EMI

21.08.12 > Universal’s EMI takeover gets green light in Canada

23.08.12 > Now the House Of Reps is considering Universal’s EMI deal

31.08.12 > Crunch meeting due next week as Europe’s investigation reaches final stage

11.09.12 > Universal gives Citigroup a billion in pending EMI takeover

14.09.12 > Regulators in Europe and US close to ruling on Universal/EMI

18.09.12 > IMPALA calls on EC one more time to block Universal/EMI

19.09.12 > Universal/EMI approved in Australia, indie community speaks out

20.09.12 > Universal’s EMI deal due to be approved in Europe on Friday


THE REGULATORY PROCESS: UNIVERSAL DEAL APPROVED

21.09.12 > Universal’s EMI purchase gets European approval

21.09.12 > The European Commission’s statement on Universal’s EMI deal

21.09.12 > EMI CEO Roger Faxon’s email to staff

21.09.12 > US Bureau Of Competition statement on Universal/EMI approval

21.09.12 > Universal’s £1.2 billion EMI bid approved without remedy in the US

21.09.12 > Merlin expresses disappointment at Universal/EMI approval

24.09.12 > Universal’s EMI deal approved in Europe and US

24.09.12 > EMI deal divestments: What does it mean for Universal?

24.09.12 > EMI deal divestments: The bidding begins

24.09.12 > EMI deal: Independent responses


EMI MUSIC PUBLISHING POST-SONY/ATV ACQUISTION

18.04.12 > Half of EMI Publishing’s staff could go if Sony/ATV deal goes through

19.04.12 > EC to green light Sony’s EMI deal, as Marty moves to allay staff fears

02.07.12 > Sony consortium acquires EMI Publishing after getting FTC approval

11.07.12 > Sony/ATV restructures management team as EMI staff cull begins

09.08.12 > EMI Publishing chief to head up combined Sony/EMI in UK

07.12.12 > PRS director becomes Deputy MD for Sony/ATV UK


EMI MUSIC POST-UNIVERSAL ACQUISTION

01.10.12 > Universal completes EMI acquisition, all eyes now on the Parlophone

01.10.12 > Universal CEO Lucian Grainge’s email to staff on EMI

02.10.12 > Universal chief addresses staff of expanded major

15.10.12 > Branson hopes Universal will “reinvigorate languished” Virgin Records

29.10.12 > Universal EMI lay-offs begin

30.10.12 > Structure of combined Universal/EMI Nashville confirmed

07.11.12 > Universal plans to launch Capitol UK

27.11.12 > Universal appoints Sony man to run EMI USA

08.01.13 > Universal combines Christian music publishing interests into one unit

16.01.13 > Universal rejigs Japanese management post-EMI acquisition

17.01.13 > Universal appoints Cockle to run Virgin Records UK

30.01.13 > Rejigs and redundancies as Universal/EMI consolidation continues

22.02.13 > More appointments at Universal’s newly acquired EMI units

18.03.13 > Could Universal put Capitol UK into Abbey Road Studios?

18.03.13 > Universal merges Virgin and Mercury, confirms Capitol UK launch

25.04.13 > Capitol UK launches


REGULATOR AGREED ASSET SALES

21.09.12 > Sony initiates sale of EMI catalogues agreed with regulator

08.10.12 > Simon Fuller considering bid for EMI assets

23.10.12 > Could BMG’s Parlophone bidding result in KKR rethinking its involvement?

24.10.12 > BMG denies KKR shareholding could be affected by EMI bidding

26.10.12 > First round bids in for EMI Publishing catalogues on the block

12.11.12 > Fuller in discussions as Universal opens ‘data room’ for Parlophone sale

15.11.12 > Fuller among nine initial bid proposals for Parlophone

19.11.12 > More finance firms linked to Fuller’s Parlophone bid

29.11.12 > Four bidders remain in EMI Publishing catalogue sale

03.12.12 > Fuller may bid for US independent Concord too

06.12.12 > Concord for sale, but unlikely to go to Fuller

21.12.12 > BMG buys Virgin and Famous UK publishing catalogues

22.12.12 > BMG acquires Mute catalogue

07.01.13 > Sony and BMG to co-bid for Parlophone

11.01.13 > IMPALA raises concerns over Sony bid for EMI label assets

07.02.13 > Parlophone Label Group sold to Warner Music for £487 million

07.02.13 > Martin Mills positive about sale of Parlophone to Warner

07.02.13 > Indie community welcomes Warner’s Parlophone acquisition

08.02.13 > Parlophone to become part of Warner after final big deal in EMI saga

13.02.13 > Sony bidding for EMI’s half of Now!

15.02.13 > BMG acquires Sanctuary catalogue

19.02.13 > Indie community announces deal with Warner on back of its PLG acquisition

27.02.13 > Universal completes EMI divestments with Now! and Co-op deals

26.03.13 > [PIAS]’s Co-op acquisition approved

02.05.13 > BMG’s Mute and Sanctuary acquisitions complete

26.04.13 > Warner boss discusses Parlophone plans in memo

15.05.13 > Warner’s purchase of Parlophone Label Group approved by EC

20.05.13 > BMG’s acquisition of EMI song catalogues approved

03.06.13 > [PIAS] to market and distribute BMG’s Mute and Sanctuary catalogues

14.06.13 > Vidler to step down once Warner’s Parlophone acquisition complete

02.07.13 > Warner’s acquisition of Parlophone complete


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