Warner Reviewing Final Bids

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• April 11, 2011

The second round of bidding ended last week in the auction of Warner Music Group, and the New York Times reports a purchaser could be revealed as early as this week. The selling price is expected to be about $3 billion.

At least 10 bidders have been vying for all or part of the company. Some investors have bid separately for the label and publishing divisions.

Media watchers say $3 billion is a healthy price for the company, and believe it is a good sign for the music industry that so many bidders are interested in Warner, given the industry’s slumping sales.



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Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.

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