EMI owner loses court battle against Citigroup
-
-
- smurph25
- added this
EMI's owner Terra Firma, has lost their legal battle against Citigroup Thursday after the US court ruled that the bank didn't trick the private equity group into overpaying for EMI.
Terra Firma was disappointed with the ruling saying "We believe this was an important action to bring and that we had a repsonsibility to our investors to bring it". Terra paid £4.2bn for EMI in 2007.
Source: http://www.bbc.co.uk/news/business-11699413
Terra Firma was disappointed with the ruling saying "We believe this was an important action to bring and that we had a repsonsibility to our investors to bring it". Terra paid £4.2bn for EMI in 2007.
Source: http://www.bbc.co.uk/news/business-11699413
-
- groups:
- Entertainment, Music
-
- tags:
- Legal, Citigroup, Terra Firma
