EMI has been taken over by Citigroup and now people are wondering if a merger with Warner Music Group is possible because of EMI‘s dept.

According to Billboard, Warner Music Group has a debt of $2.4 Billion whilst EMI‘s debt is $1.9 Billion.

EMI had been $5.5 Billion dollars in debt before Citigroup “recapitalized EMI through a debt-for-equity swap”.