Simon Fuller is reportedly on the verge of teaming up with investor Lord Rothschild to bid for a host of EMI record labels.

The media tycoon is apparently in talks with RIT Capital Partners, the investment trust chaired by Rothschild, and other firms to inject hundreds of millions of pounds into the takeover of the EMI labels, reports Sky.

Rumours of Fuller's interest started in early October, when The Independent positioned the XIX Entertainment founder as a potential ...