Citigroup Acquires EMI, Cuts $3.6B In Debt

By Leigh Kamping-Carder (February 1, 2011, 8:16 PM EST) -- Citigroup Inc. took over EMI Group Ltd. on Tuesday in a deal that will cut the music company's debt by 65 percent and wrest control of the label from British private equity firm Terra Firma Capital Partners Ltd....

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