Nothing but negotiation

The Gap Partnership

Citigroup acquires EMI

EMI has announced the acquisition of all of its share capital by Citigroup.

03 February 2011

Citigroup has completed a takeover of record company EMI, it has been announced.

Sales negotiations appear to have been a success, with Citi immediately completing a recapitalisation of the company that reduced EMI's debt by 64 per cent.

Roger Faxon, chief executive of EMI, called this "a positive step" for the firm.

"With that solid footing, we are confident in our ability to drive our business forward. We have already made great progress in meeting the challenges facing our industry," he added.

EMI's artists include Coldplay, Lily Allen, Norah Jones, Massive Attack, Snoop Dogg, Kylie Minogue, Pink Floyd and The Beatles.

Among its individual record labels are Astralwerks, Capitol, EMI Records, EMI Records Nashville, Parlophone and Virgin Records.

As a result of the acquisition, vice-chairman of Citi Stephen Volk will become the new chairman of Maltby Acquisitions, which is EMI's immediate holding company.

Mr Volk said the transaction will be a positive move for EMI and its various artists, employees, suppliers and songwriters.

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more