Universal/EMI: 56% of IMPALA back Zelnik
The majority of IMPALA's board members yesterday voted in favour of conditions suggested by the group's co-president Patrick Zelnik - which would leave the way clear for Universal's £1.2bn purchase of EMI.
Music Week understands that an anonymous 14 of IMPALA's 25 board members (56%) motioned to agree with Zelnick's in his argument for why Universal's EMI buyout would "rescue" the music industry as a whole. These include divestments - perhaps even Virgin Records - being sold directly to the ...
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