EMI sale in the balance as Warner Music withdraws bid

Warner's low offer for EMI's recorded music division hits Citigroup's hopes of selling record company behind the BeatlesThe sale of EMI hangs in the balance after frontrunner Warner Music withdrew a bid for the British company's recorded music division understood to have come in at under $1.5bn (£1m), short of the price tag that owner Citigroup had been seeking.Warner Music, which was acquired by Len Blavatnik's Access Industries for $3.3bn in May, is the frontrunner to buy EMI's recorded music...

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