Warner Music Owner Blavatnik Said to Consider Ending EMI Offer

Warner Music Group’s owner, Len Blavatnik, is considering dropping his bid for EMI Group Ltd. because Citigroup Inc. is taking too long to choose a buyer, a person with knowledge of the bidding process said.

Blavatnik has told people involved in the auction that he may drop his offer in several days, said the person, who requested anonymity because the negotiations are private.