False assumption led to EMI bid, Hands testifies

Pre Datarock… what better warm up act than POWERPOINT SLIDES ON HOW RAD THIS MUSIC MANAGEMENT COMPANY IS. (barf)

Image by dpstyles™
Five days in Austin for the annual SXSW festival (interactive + film + music!). Usually, I’m there for all of interactive and manage to squeeze a few films in (4 last year!). This year, with the Bird Flu I was rolling with and the launch of foursquare (awesome, btw!) I did about 1/2 of interactive (saw like 5 panels – oops) and zero films (oof).

The whole weekend (er, week!) is kind a blur (as always) but highlights: KARAOKE RV, PAing "The Tim + Devon Show", Rex’s bikini flash mob pool party, Souris’ bus trip to Salt Lick, Tumblr VIP wristbands, PV Bender badges, Datarock @ Speakeasy, late night IHOP and of course the 4th annual Hilton Lobby Backstroke (video coming soon!).

False assumption led to EMI bid, Hands testifies
British financier Guy Hands told a U.S. court on Tuesday that he bid for storied music company EMI in 2007 only because a Citigroup banker he trusted lied to him about a rival offer he had to beat.
Read more on Reuters via Yahoo! News

Terra Firma’s Hands in NY trial battle vs. Citi
A fraud claim by British financier Guy Hands against Citigroup Inc over his $ 6.4 billion buyout of legendary music company EMI in 2007 went to trial in New York on Monday, the two sides apparently unable to settle their dispute out of court.
Read more on Reuters via Yahoo! News