According to reports in the Financial Times, Citi will decide within the next fortnight whether to sell EMI in one piece, split the company in two, or put the sale on hold.

It is believed second-round bids have come in at the low end of an expected $3bn-$4bn (?1.8-?2.5bn)range as bidders struggled to get enough funding from banks to make higher offers.

Music Week first predicted back in August that turbulent stock markets could impact on the sale of the ...