London, England - In view of speculation in the weekend press, EMI Group plc announced today that it has now entered non-exclusive discussions with AOL Time Warner Inc. with regard to a possible transaction involving the recorded music division of the Warner Music Group.
Discussions are at a very preliminary stage and there is no assurance that they will result in an agreement acceptable to both parties. Any potential transaction would be subject to shareholder and regulatory approval.
World Music Central
http://worldmusiccentral.org/article.php/20030922084419696