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HITS Daily Double

Add WSJ on potential buyers and sellers

HURDLES TO CLEAR: The WSJ piece echoes recent insights from I.B. Bad in terms of the challenges involved in certain paitings. “A sale of Warner's publishing arm could pave the way for an acquisition of EMI by Warner, which might run into antitrust issues were it to attempt to combine its music-publishing unit with EMI's. Bids from Universal and Sony Music…could also face regulatory resistance,” Cimilluca and Smith note. “Warner's exploration of options could put pressure on Citigroup's EMI timetable. If someone agrees to buy all of Warner first, that could remove two possible bidders for EMI.” (1/28a)