Thursday, September 04, 2003
Apple may buy Universal Music | CNET News.com
Apple may buy Universal Music | CNET News.com: "Apple may buy Universal Music
By Ian Fried and Evan Hansen
Staff Writer, CNET News.com
April 11, 2003, 3:21 PM PT
update Shares of Apple Computer fell Friday after a report that the company was in talks to buy the music company of Vivendi Universal for as much as $6 billion.
The Los Angeles Times reported that Apple has been in talks for months with Vivendi, with recent discussions centering on Apple acquiring the music business outright. With annual sales of about $6 billion, Universal Music Group is the largest of the five major record companies, commanding roughly a quarter of the worldwide market.
A source familiar with the situation confirmed with CNET News.com that there have been discussions between the two companies, but stressed that the exchanges are still at a 'very preliminary' stage. 'There has been interest expressed,' the source said. 'There have been talks.' "
I might have titled this one 'Apple Wants to Call the Tune' :). I guess iTunes is running a littel thin, hmm?
By Ian Fried and Evan Hansen
Staff Writer, CNET News.com
April 11, 2003, 3:21 PM PT
update Shares of Apple Computer fell Friday after a report that the company was in talks to buy the music company of Vivendi Universal for as much as $6 billion.
The Los Angeles Times reported that Apple has been in talks for months with Vivendi, with recent discussions centering on Apple acquiring the music business outright. With annual sales of about $6 billion, Universal Music Group is the largest of the five major record companies, commanding roughly a quarter of the worldwide market.
A source familiar with the situation confirmed with CNET News.com that there have been discussions between the two companies, but stressed that the exchanges are still at a 'very preliminary' stage. 'There has been interest expressed,' the source said. 'There have been talks.' "
I might have titled this one 'Apple Wants to Call the Tune' :). I guess iTunes is running a littel thin, hmm?
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