WaTunes: WMG $3 Billion Sale Could Be Completed This Week

May 2, 2011 at 11:52 pm Leave a comment

Source: Hypebot

<img class="asset asset-image at-xid-6a00d83451b36c69e201538e4042b1970b" title="image from www.google.com” src=”http://www.hypebot.com/.a/6a00d83451b36c69e201538e4042b1970b-200wi&#8221; alt=”image from www.google.com” style=”margin: 0px 5px 5px 0px;” /> Final bids for Warner Music Group are due on today and a sale could be final by the end of the week. The purchase price is likely to be just north of $3 billion with this third round of bids a duel between Len Blavatnik and his Access Industry, and Tom and Alec Gores' Platinum Equity and Gores Group.

An group of investors that included Ron Burkle and Napster founder Sean Parker reportedly dropped out of the auction last week as did Live Nation.

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Entry filed under: Uncategorized.

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