{"id":707,"date":"2011-04-13T05:38:59","date_gmt":"2011-04-13T05:38:59","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2011\/04\/13\/emi-to-be-sold-by-citi-as-one-unit\/"},"modified":"2011-04-13T05:38:59","modified_gmt":"2011-04-13T05:38:59","slug":"emi-to-be-sold-by-citi-as-one-unit","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2011\/04\/13\/emi-to-be-sold-by-citi-as-one-unit\/","title":{"rendered":"EMI To Be Sold By Citi As One Unit"},"content":{"rendered":"<p><img decoding=\"async\" src=\"images\/stories\/images\/Various\/emi_logo-300x145 copy.jpg\" border=\"0\" \/><br \/>Citigroup (C.N), which got control of the world&#8217;s fourth-largest record company EMI from British financier Guy Hands in February, plans to sell the company as a whole, the New York Post reported, citing sources.<\/p>\n<p>  <!--more-->  <\/p>\n<p>\u00a0EMI Chief Executive Roger Faxon has been arguing for months that a breakup would hurt the UK-based label, the Post added.<br \/>\u00a0<br \/>In February, the bank cut EMI&#8217;s debt by 65 percent from 3.4 billion pounds ($5.47 billion) to 1.2 billion pounds through a debt-for-equity swap. The label had been suffocating under a burden of debt borrowed from the U.S. bank in a 2007 leveraged buyout by Guy Hands&#8217; Terra Firma. [ID:nLDE71023X]<br \/>\u00a0<br \/>Both Citi and EMI were not immediately available for comment outside regular U.S. business hours<\/p>\n<p>Source: Billboard<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup (C.N), which got control of the world&#8217;s fourth-largest record company EMI from British financier&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-707","post","type-post","status-publish","format-standard","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=707"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/707\/revisions"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}