citi bank takes over EMI

Posted on February 2, 2011

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the long awaited event has occured! EMI, now back under citi will definately be dressed up for a sale, and warner will be its most likely buyer.

while some many will blame th shifting music sales world as the cause of the demise, the reality is different – the cause is buying high. the terra fima group bought at the peak and didnt understand what they were buying. the rest, as they say, is history.

here is an older blog posts on the acquisition

terra firma looking to sue citibank over fraudulent dealings

 more about the changes in the music industry

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