Citigroup may close deal to sell EMI for $4.1B today
Citigroup is close to finalizing a deal to sell off major music company EMI Group for an astounding $4.1 billion dollars, according to a Wall Street Journal report that cites anonymous sources familiar with the matter.
The sale will be split into two separate parts. Citigroup is in talks with Universal Music Group to sell EMI’s recorded-music division for $1.9 billion, while its publishing division will go to Sony Music for $2.2 billion, according to … Continue Reading
Atlassian brings JIRA and other major development tools to the cloud
Enterprise software startup Atlassian announced Tuesday that is moving its collaboration and development products, including JIRA and Confluence, to the cloud with an innovative pricing structure.
Atlassian‘s products, especially bug-and-issue tracker JIRA, are important to enterprise and small clients alike. The company currently serves 26,000 customers, including Cisco, Citigroup, Netflix, Facebook, Zynga and Adobe. But now even more companies will have access to Atlassian products because there’s no need to set up a server to … Continue Reading
Major Samsung mobile executive leaves for Citigroup
Omar Khan, the Samsung exec who often introduced the world to Samsung’s latest Galaxy phones and tablets at events, has been hired to lead mobile initiatives for Citigroup.
“Omar Khan was a valued member of the Samsung Mobile US team but has decided to leave Samsung Mobile to pursue another opportunity,” Samsung said in a statement. “Omar is not leaving to join a competitor to Samsung, and we anticipate having a continued relationship with him … Continue Reading
