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Terra Firma overture is music to EMI's ears

EMI, the music and entertainment company whose acts include the Beatles and Coldplay, said yesterday it had agreed to a £2.4bn takeover by private equity group Terra Firma Capital Partners.

EMI, the music and entertainment company whose acts include the Beatles and Coldplay, said yesterday it had agreed to a £2.4bn takeover by private equity group Terra Firma Capital Partners as the venture capital bid wave continued.