Sony Music Entertainment is not in talks with EMI about making a possible bid for the U.K. major, contrary to reports over the weekend.

Amid the ongoing speculation about the fate of debt-laden EMI, a comment by Sony Music Entertainment CEO Rolf Schmidt-Holtz has triggered the latest reports.

"We are in a position that allows us [to take] every opportunity in the market - including EMI," Schmidt-Holtz was quoted in German newspaper Frankfurter Allgemeine Sonntagszeitung.

However, it seems that Schmidt-Holtz was talking in general terms, while the interviewer was interested in EMI specifically.

An assistant of New York-based Schmidt-Holtz today (May 10) said he had not been quoted correctly in the May 10 report.