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Business News Labels & Publishers
Chrysalis ends takeover talks
By CMU Editorial | Published on Friday 12 December 2008
More city type news, and music publisher Chrysalis Plc has said it has terminated various takeover talks that have reportedly been ongoing since September.
Chrysalis and its founder and key shareholder Chris Wright have been courting possible buyers for the not insubstantial indie publisher for a while, though Wright has always been clear that he’s in no rush to sell and will only do so when the right deal is on the table.
None of the deals proposed in the last few months were presumably right. The company said this week all ongoing takeover talks are over, but said it would continue to assess other offers if and when they are made.
