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Could Citi's Bet on EMI Come Out All Right?
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New York Times
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November 20, 2009
Citigroup stopped dancing to the music of the credit boom shortly after it backed the leveraged buyout of EMI, the British music company, in 2007. The American financial giant lent Terra Firma, a private equity firm, £2.7 billion ($4.5 billion) to buy EMI. Unable to syndicate the loan to other bank...
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