American Idol Simon Fuller to Bid on EMI Assets

October 9, 2012 at 4:00 pm Leave a comment

Simon-fuller1

Source: Billboard

Simon Fuller, the Spice Girls svengali and creator of the TV format behind American Idol, is looking to submit a bid for all the EMI businesses that Universal Music Group must sell.

Vivendi-owned UMG recently won regulatory approval of its $1.9 billion EMI Recorded Music acquisition by promising EU regulators a range of divestitures.

Sources confirmed a report by the Independent that Fuller is lining up a bid in partnership with Island Records founder Chris Blackwell.

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