Citigroup Close To Unloading EMI


“Citigroup is said to be close to selling the beleaguered record company EMI, and almost certain to break the label into two separate assets, the recording arm and the publishing unit. Negotiations to sell the publishing company, regarded as the more valuable asset for around $2 billion, are reportedly happening with BMG Rights Management, co-owned by New York private equity firm KKR and Bertelsmann, the German media company . . . “

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