Bidding Continues For Warner Music Group
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Bidding for Warner Music Group continues with today’s (3/22) news that six companies are participating in the second round of the auction, according to the Financial Times.
Publishing giant BMG, in a partnership with private equity group KKR, is interested in buying Warner as a whole. Private investment group Tamares is also interested in the whole company.
An alternate scenario would be splitting Warner’s recorded music division and publishing arm into separate entities for the sale.
Other bidders in the running include: Platinum Equity, Len Blavatnik’s Access Industries, Sony Music, and Ron Burkle’s Yucaipa, which is believed to include Napster whiz kid Sean Parker.
But WMG isn’t the only major label group seeking a proper suitor. Citigroup is busy prepping EMI Music Group for the auction block.
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Sarah Skates is Sr. News Editor of MusicRow Enterprises. Now in her eighth year with the company, she handles much of the publication's news flow and contributes to musicrow.com and the print magazine. She welcomes your feedback and news tips to sskates@musicrow.com.View Author Profile
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