Financial Times FT.com

One Equity in $6bn approach to EMI

By Lina Saigol and Andrew Edgecliffe-Johnson

Published: May 3 2007 22:07 | Last updated: May 3 2007 23:16

One Equity, the US private equity group affiliated to JPMorgan, has approached EMI about a takeover which could value the British music group at more than $6bn.

One Equity is understood to have sent a letter expressing its interest to the board of EMI just days after the music group’s latest trading statement on April 18.

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