Terra Firma has finally sealed its £2.4b take-over bid for EMI.

Terra Firma has finally sealed its £2.4b take-over bid for EMI.

Some 90.3% of EMI shareholders backed the proposed buy-out, paving the way for Guy Hands and his private equity firm to take the UK's only major record label over.

It remains to be seen what might happen with the company with speculation that the recorded music division could be sold to Warners or that the profitable music publishing arm sold off as a stand alone going concern.