Bidders Eye Warner Music
Warner Music has received more than 10 bids from entities interested in buying all or part of the company, Bloomberg reports.
Citing sources close to the negotiations, the outlet says bidders seeking Warner’s publishing division, Warner/Chappell, include Sony/ATV Publishing and BMG Right Management.
Another interested party is billionaire and former Warner Music board member Len Blavatnik, who wants to purchase the company as a whole.
Goldman Sachs is helping Warner broker the deal. Many reports say Warner wants to unload its publishing arm and then make a bid for EMI Group.
Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.
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