EMI Group plc has been commenting on the fact that it's share rise has been spazzing out all day. Saying that this morning, received a preliminary approach (apparenltly 2.5 billion from some holding company) for the Company.

The Financial Times reported earlier today that the company was in talks with buyout firms that may include some rich bankers Kohlberg Kravis Roberts & Co. and Goldman Sachs Group possibly on behalf of another more sinister organisation.

MusicTowers puts a tenner on Hydra.