Billboard has reported that Warner Music Group has pulled out of the negotiations for EMI.

Citigroup have allegedly renewed negotiations with Universal and Sony whilst Independent label association IMPALA filled protests about the sale with the European Commission over concerns in regards to a possible duopoly in Europe.

According to their November 8th, 2011 press release, IMPALA had preferred a sale to Warner Music Group, which they believed “could help balance the duopoly but would still need substantial remedies as it would increase the competitive gap for the independents“.