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TOPIC: Citigroup Acquires EMI

Mastering the Puppet

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Posts: 136

Date: Feb 3 11:45:06 2011

Citigroup Acquires EMI	Permalink

EMI Group, the fourth largest family of record label in the music industry, has been acquired by Citigroup, who purchased the company along with the rest of the holdings of its parent company, Maltby Investments Limited. The move allows EMI to reduce its considerable debts by 65 percent to around $2 billion, and Citigroup will funnel nearly $500 million into the label. Read More __________________

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