Warner Reviewing Final Bids
Print This Post
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.
Comments
Powered by Facebook Comments
About the Author
Sarah Skates has worked in the music business for more than a decade and is a longtime contributor to MusicRow.View Author Profile
