EMI Group plc has declined to comment on speculation that it is close to a deal to be acquired by a private-equity group.

A Dec. 8 report on The Wall Street Journal Online claims that Permira Advisers, the European private-equity company, is the bid's frontrunner.

As previously reported in Billboard.biz (Nov. 29), Permira would not confirm its interest in buying EMI. Other media reports have also mentioned Goldman Sachs Group and Kohlberg Kravis Roberts as potential bidders.

Initial trading on the London Stock Exchange this morning saw EMI's shares jump to 294.75 pence ($5.80) from yesterday's closing price of 286.50 pence ($5.63).

Permira, which has offices in eight countries, declined to comment when contacted by Billboard.biz. But informed sources close to the negotiations suggest that any deal is unlikely to be announced today.

Questions? Comments? Let us know: @billboardbiz

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