Citigroup Gets Out Of The Music Business

Citigroup Gets Out Of The Music Business

Citigroup has sold the EMI music business for $4.1 billion, with Universal Music Group picking up the record label for $1.9 billion and a team including Sony and David Geffen buying the publishing business for $2.2 billion. The sale caps a nine-month bidding war, and splits up a company that has sold and published music for over a century. [More]