Citigroup Takes Control of EMI

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Citigroup Takes Control of EMI
NEW YORK (TheStreet) — EMI Group was seized by Citigroup on Tuesday, ending owner Guy Hands’ control of the troubled music record company. The U.S. bank will take over EMI, which owns the Beatles record label, in a debt-for-equity swap. The deal will cut the 110-year-old company’s debt by 65% to 1.2 billion pounds ($ 1.94 billion). In 2007, EMI’s private equity owner Guy Hands and his group …
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Patriot Scientific and TPL Announce New MMP Licenses and Support for Licensing and Litigation Efforts
Patriot Scientific Corporation , The TPL Group, and Alliacense announced today that during December 2010 and January 2011, MMP Patent Portfolio licenses were entered into with several companies in the telecommunications and industrial equipment industry segments.
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Editorial: Don’t worry about historic music locations
Recent moves toward the potential demolition of the Oconee Street steeple that marks the site of the old St. Mary’s Episcopal Church – inside which R.E.M. played its first show 30 years ago – have once again focused attention on pieces of the local built environment integral to the music scene that helps define Athens.
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