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Warner Reviewing Final Bids

April 11, 2011/by Sarah Skates

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
Sarah Skates
Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.
Sarah Skates
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https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png 0 0 Sarah Skates https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png Sarah Skates2011-04-11 14:35:092011-04-11 14:35:09Warner Reviewing Final Bids
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