UK - EMI ends bid talks with Permira

EMI has reportedly ended talks about a potential ТЃ2.5bn sale to Permira. It is understood that the offer was not considered to fully reflect the prospects for and the value of the company which EMI could recommend to shareholders. The Financial Times reports that EMI's directors may have been holding out for an offer higher than 320p a share, the level at which they rejected an offer from Warner Music this summer.