Abbey Road in danger
Carla Nelson
The Corner News
Published: February 18, 2010 2:35:34 pm
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Music company EMI Group Ltd. is seeking a buyer for Abbey Road studios. The private equity firm Terr Firma Capital bought EMI in 2007 and needs cash by June to avoid defaulting on its loans to Citigroup. If the funds can't be raise, Citigroup could seize EMI and cause it to be sold or broken up.
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