Bids for EMI are underwhelming


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Saturday 11.10.2025 / 21:04

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Bids for EMI are underwhelming

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Bids for EMI are underwhelming

article published on 17 October, 2011

EMI Group, the fourth largest record label, is seeing underwhelming bids, say sources close to its owner Citigroup. The bank was forced to take over the label this year after the former owner, private equity firm Terra Firma, could not pay back its debts. Five months ago, the Warner Group (world's 3rd largest label) sold for $3.3 billion, giving Citi faith that they could command a ... [ read the full article ]

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KillerBug

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1 product review

17. October 2011 @ 05:13

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So EMI didn't really have an unlimited supply? So much for that song...

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