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Feb 25 2003

AOL in talks to sell music stake

  • Written by Jorge
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From News.com “Media giant AOL Time Warner is in preliminary talks about selling a majority stake in its Warner Music Group business to music company EMI Group in a deal likely to be valued at $3 billion to $4 billion, The Wall Street Journal has reported. Sources close to both companies said last month that EMI had been holding “informal talks” with Warner Music about joining forces after a previous attempt to merge three years ago ran afoul of European regulators.”

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