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Re: EMI
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█████████ Feb 10, 2010 3:57 AM
Troubled industry but related to P:
EMI (music) needs approx US$ I90m to survive or may be taken over by Citigroup.
Terra Firma own EMI, my friend is in charge of this investment.
Should I talk to them ?
J
Jeffrey Epstein Feb 10, 2010 6:01 PM
who is your friend.. i am interested. Do we need help -mandelson?
D
David Stem Feb 10, 2010 6:07 PM
My friend is the right hand man to Guy Hands, boss of Terra Firma, the EMI owner. I have a meeting scheduled with him for Friday.
Tomorrow I will speak to friends at morgan stanley and ingenious media (media focused corporate finance group) who apparently have followed this situation quite closely.
In my view it is too early to get Mandelson involved before i know more. It seems that the debt mountain is too big, covenant breach is imminent and citigroup want to take control.